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An equipment costing P250, 000...
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 book value after 10 years using sinking fund method assuming i=8%
Cn=P132, 62260
Correct
Cn=P125, 66667
Cn=P138, 56760
Cn=P103, 33330
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