Please solve what is ask with complete handwritten solution, Thank you so much! A certain equipment has a price of P300,000 and an additional payment of P50,000 for the delivery fee. If theequipment has a life of 15 years and a salvage value of P30,000, determine the book value after 9 yearsusing,a. SLMb. SFM @ i=10%c. DBMd. DDBMe. SYDM

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Answered: determine the book value after 9 years

Business

Accounting

determine the book value after 9 years

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

Question

Please solve what is ask with complete handwritten solution, Thank you so much!

A certain equipment has a price of P300,000 and an additional payment of P50,000 for the delivery fee. If the
equipment has a life of 15 years and a salvage value of P30,000, determine the book value after 9 years
using,
a. SLM
b. SFM @ i=10%
c. DBM
d. DDBM
e. SYDM

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