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An equipment costing P3, 015,...
An equipment costing P3, 015, 000 has an estimated life of 12 years with a salvage value of P200, 000 at the end of the period Compute the book value at the end of 7 years using sum of the year's digit method
C7=P 744,34615
C7=P 743,34615
C7=P 741,34615
Correct
C7=P 742,34615
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