Indicate the formula, given and the complete solution. A VOM has a selling price of Php 500. It is expected to decline at a rate of 8 % per year due to obsolescence, what will be its selling price after 4 years by using the declining balance method? Handwritten answer please and be legible too. Thanks

Indicate the formula, given and the complete solution. A VOM has a selling price of Php 500. It is expected to decline at a rate of 8 % per year due to obsolescence, what will be its selling price after 4 years by using the declining balance method? Handwritten answer please and be legible too. Thanks

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.20E

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