Question
The initial cost of a paint Sand Mill , including its installation is P900,000. The BIR approved life of this machine is 10 years for
The initial cost of a paint Sand Mill , including its installation is P900,000. The BIR approved life of this machine is 10 years for depreciation. The estimated salvage value of the mill is P50,000 and the cost of dismantling is estimated to be P15,000. Using Sinking Fund method . What is the book value of the machine at the end of six years. Interest i= 10%
a. Sinking Fund method
Please make your solutions clear
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
