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A large profitable corporation has purchased a jet plant for use by its executives. The cost of the plane is P76million. It has a useful

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A large profitable corporation has purchased a jet plant for use by its executives. The cost of the plane is P76million. It has a useful life of 5 years. The estimated resale value at the end of five years is six million pesos. Using the sum-of-years digit method of depreciation, what is the book value of the jet plane at the end of 3 years

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