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A plant asset cost P96,000 and is estimated to have a P12,000 salvage value at the end of its 8-year useful life. The annual depreciation

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A plant asset cost P96,000 and is estimated to have a P12,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be O P11,812. O P9,190. O P13,500. O P8,040

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