An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period Compute the depreciation charge on the 10th year using declining balance method

• d=P9, 23593;Cn=P60, 83280 Correct
• d=P8, 98745;Cn=P60, 83280
• d=P9, 45678;Cn=P67, 45698
• d=P9, 23593;Cn=P59, 98734