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A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the

A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: (a) Double Declining Balance Method (b) Modified Accelerated Cost Recovery System (MACRS)

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