A building has a salvage value of P1 M after 50 years. Annual depreciation is P2 M. Using straight line method of depreciation, how many years after should you sell the building for P40 M? Select one: O a. 25 years O b. 35.5 years O c. 28.5 years O d. 30 years

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question

FAST PLEASEEE, YOU CAN USE SHORTCUT METHODS TO SOLVE THEM, THANK YOUUU!!!

A building has a salvage value of P1 M after 50 years. Annual depreciation is P2 M. Using
straight line method of depreciation, how many years after should you sell the building for
P40 M?
Select one:
O a. 25 years
O b. 35.5 years
O c. 28.5 years
O d. 30 years
Transcribed Image Text:A building has a salvage value of P1 M after 50 years. Annual depreciation is P2 M. Using straight line method of depreciation, how many years after should you sell the building for P40 M? Select one: O a. 25 years O b. 35.5 years O c. 28.5 years O d. 30 years
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Electronic spreadsheet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Structural Analysis
Structural Analysis
Civil Engineering
ISBN:
9781337630931
Author:
KASSIMALI, Aslam.
Publisher:
Cengage,
Structural Analysis (10th Edition)
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Sustainable Energy
Sustainable Energy
Civil Engineering
ISBN:
9781337551663
Author:
DUNLAP, Richard A.
Publisher:
Cengage,
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning