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A lathe machine costs P300,000 brand new. The machine is expected to last for 28500 hours in a period of 5 years. In the first

A lathe machine costs P300,000 brand new. The machine is expected to last for 28500

hours in a period of 5 years. In the first year of service, it was used for 8000 hours. If the

book value after the 1st year is P220,000, compute for its salvage value.

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