Problem Statement: ME Board April 1992
A unit of welding machine cost P45,000 with an estimated life of 5 years. Its salvage value is P2,500. Find its depreciation rate by straight-line method.
- A. 18.89%
- B. 19.21%
- C. 19.58%
- D. 19.89%
The depreciation rate of welding machine by straight-line method is 18.89%.
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