Problem Statement: EE Board April 1997
A machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after 5 years using straight-line depreciation?
- A. P30,000.00
- B. P31,000.00
- C. P30,500.00
- D. P31,500.00
The book value after 5 years using straight line depreciation is P30,000.00.
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