Calculate the value of the asset at the end of year three
Problem
Your Company bought an asset for P100,000. The asset is estimated to have a useful life of 4 years, with a salvage value at the end of this period of P6000. Calculate the value of the asset at the end of year 3.
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Your Company bought an asset for P100,000. The asset is estimated to have a useful life of 4 years. Calculate the value of the asset at the end of year 3.
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