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a machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation cost is computed using declining balance method.

a machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation cost is computed using declining balance method. What is the total cost of depreciation up to the time the machine is retired if the annual rate of depreciation is 28.72%

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