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A delivery truck was acquired on January 1, 2014. The truck costs P250,000. The truck has residual value of P30,000. Its carrying value at the

A delivery truck was acquired on January 1, 2014. The truck costs P250,000. The truck has residual value of P30,000. Its carrying value at the end of its fifth year is P181,250. What is the estimated useful life of the equipment? (in number of years)

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