A machine with an initial cost of P1,200,000 and a life of 12 years is to be depreciated using Declining Balance Method.
What must be the minimum salvage value such that its book value after 5 years will not be lower than P24,000?

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05-08-2024
Business

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A machine with an initial cost of P1,200,000 and a life of 12 years is to be depreciated using Declining Balance Method.
What must be the minimum salvage value such that its book value after 5 years will not be lower than P24,000?

Sagot :

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