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A water sprinkler costs P25,000 with a useful life of 5 years. Scrap value is P5,000. UsingMACRS method of depreciation, solve the following: a. Depreciation

A water sprinkler costs P25,000 with a useful life of 5 years. Scrap value is P5,000. UsingMACRS method of depreciation, solve the following:

a. Depreciation on the 2nd year

b. Book value at the of year 3

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