Solution: Find the book value after 5 years using straight line depreciation?

A machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after 5 years using straight line depreciation?

What is the book value after 5 years using straight line depreciation?

Problem Statement: ME Board April 1998

A machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after 5 years using straight line depreciation?

  • A. P30,000.00
  • B. P31,000.00
  • C. P30,500.00
  • D. P31,500.00

Problem Answer:

The book value after 5 years using straight line depreciation is P30,000.00.

Solution:

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