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A certain commodity is amounting P1million. Freight and installation charges amounted to 3% of the purchased price. It is expected to have a life of

A certain commodity is amounting P1million. Freight and installation charges amounted to 3% of the purchased price. It is expected to have a life of 8 years with a salvage value of 12% of the first cost. Determine the depreciation charge during the 5th year using MACRS Method.

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