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Question - A boiler that was purchased three years ago will depreciates a year from now a total amount of P 274, 010. 28 once Matheson Formula was used as depreciation method. The life of the boiler will last nine more years with a scrap value of P 12, 500.00.
Required -
a) Find the cash value of the boiler.
b) Find the book value of the boiler at the beginning of its 10th year life.
c) Find the last depreciation cost of the boiler before its life ends.
The bonds have a year-end fair value of $75,500. Assume effective interest amortization is used
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