31. The first cost of a certain piece of equipment is P324,000 and a salvage value of P50,000 at the end of its life of 4 years. If money is worth 6% compounded annually, find the capitalized cost?A. P624,000C. P704,985.82D. P128.340B. P1,367,901.15
Added by Dela Cruz J.
Step 1
This is done by subtracting the salvage value from the initial cost and then dividing by the number of years. Depreciation = (Initial cost - Salvage value) / Number of years Depreciation = (P324,000 - P50,000) / 4 Depreciation = P68,500 per year Show more…
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