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A radio service panel truck initially cost P 560,000.00. Its resale value at the end of the 5th year of the usual life is estimated

A radio service panel truck initially cost P 560,000.00. Its resale value at the end of the 5th year of the usual life is estimated at P150,000.00. By means of declining balance method, determine the depreciation charge for the second year. OP 99,128.45 OP 99,658.41 O P 99,290.00 O P 99,378.45

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