A machine costs P15114, last 11 years and has a salvage value at the end of life of P2099. Determine the book value at the end of 3 years by sinking fund method with interest at 11%. Do not include units in your final answer. Round off to 2 decimal place.

A machine costs P15114, last 11 years and has a salvage value at the end of life of P2099. Determine the book value at the end of 3 years by sinking fund method with interest at 11%. Do not include units in your final answer. Round off to 2 decimal place