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An equipment costs P 74,418 has a life of 9 years and has a salvage value of P 4,290 at the end of its life.

An equipment costs P 74,418 has a life of 9 years and has a salvage value of P 4,290 at the end of its life. If the book value at the end of n years is equal to P 31,430, solve for the value of n using straight line method of depreciation.

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