Quèstion 25An equipment costing P 360 000 has an estimated scrap value of P 25,000 at the end of its economic life of 11 years. Using Double-Declining Balance Method, what is the book valueafter 7 years? Exprees your answer in whole number.« < Question 25 of 50 > >A Moving to another question will save this response.acerPrtscPauseDelHomeF8F9F10F11F12F4F5F6F7Scr LkSysRqBreakF3Coca-Cla%&-Backspac€67895WRYH

Under Double Declining Balance Method; Depreciation = 2 x Straight Line Depreciation %* Book Value…

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ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Quèstion 25
An equipment costing P 360 000 has an estimated scrap value of P 25,000 at the end of its economic life of 11 years. Using Double-Declining Balance Method, what is the book value
after 7 years? Exprees your answer in whole number.
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