Engineering Economics
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?

P 2,200.00
P 2,300.00
P 2,100.00
P 2,000.00

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Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
The income statement is the summary of revenues and expenses of a firm over a particular period of time

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