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 ? | MCQ Hive

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Q 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 A. P 2,000.00
B B. P 2,100.00
C C. P 2,200.00
D D. P 2,300.00

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