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A machine costing P 720,000 is estimated to have a book value of P 40, 545.73 when retired at the end of 10 years. Depreciation

A machine costing P 720,000 is estimated to have a book value of P 40, 545.73 when retired at the end of 10 years. Depreciation cost is computed using a constant percentage of the declining value. What is the book value after 3 years?

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