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An equipment is bought for P57,278. Its salvage value is P8,567.00. Assume that its lifetime is 7 years. Determine its annual depreciation cost in the

An equipment is bought for P57,278. Its salvage value is P8,567.00. Assume that its lifetime is 7 years. Determine its annual depreciation cost in the 5th year, using double declining balance method.

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