15. Please follow the directions and put clear solution! Thank you!

Solve the following problems and use 2 decimal places for all computations. Please input your answers (also in 2 decimal places) in the blanks/boxes provided. > Question 15 O pts [BONUS) An equipment has a first cost of 500,000 PHP and the cost of installation is 30,000 PHP. At the end of its economic life of 35,000 operating hours, the salvage value is 10% of the equipment cost. Determine its book value at the end of the third year if its annual usage is 5,400 hours. EOY BV 3 [1]