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An equipment was bought for P30,000 six years ago. It will have a salvage value of P3,000 four years from now. It is sold now

An equipment was bought for P30,000 six years ago. It will have a salvage value of P3,000 four years from now. It is sold now for P8,000. What is the total depreciation and the book value now? Use Sinking Fund Method at 6%

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