Relevant Competitive Tests:
A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method ?
A. P 2,000.00Correct Answer
B. P 2,100.00
C. P 2,200.00
D. P 2,300.00
Correct Option: A. P 2,000.00
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