An asset is purchased for P9,000.00. Its estimated life is 10 years after which it will be sold for P1,000.00. Find the book value during the first year if sum-of-year’s digit (SYD) depreciation is used.
The book value during the first year using sum-of-year’s digit (SYD) is P7,545.45.
Latest Problem Solving in Engineering Economics (Annuity, Depreciation, Bonds, Breakeven, etc.)
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