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A man bought an equipment which cost P524 000 00 Freight and installation expenses cost him P31 000 00 If the life of the equipment

A man bought an equipment which cost P524 000 00 Freight and installation expenses cost him P31 000 00 If the life of the equipment is 15 years with an estimated salvage value of P120 000 00 find its book value after 8 years Answer A P323 000 00

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