Mr. patac bought motorcycle worth P72,000.00 to monitor his expanding coffee vending machine business. After five (5) years, the said motorcycle will become P15,000.00 value. How much is he going to set aside per month for depreciation?
A. P57,000.00
B. P11,400.00
C. P950.00
D. P850.00
Answer:B
Mr. patac bought motorcycle worth P72,000.00 to monitor his expanding coffee vending machine business. After five (5) years, the said motorcycle will become P15,000.00 value. How much is he going to set aside per month for depreciation?
A. P57,000.00 B. P11,400.00 C. P950.00 D. P850.00