Answer the following problems to the best of your abilities, based on our lectures and modules. Box your final answers and submit your complete written solutions for each item one (1) pdf file only. Note that NO partial points will be given in this assessment. Time: 2 hours only Good luck and God bless! 1 5 points An equipment cost P67,000 and has a life of 10 years and salvage value of P53,500. Determine its book value at the end of 8 years by Sinking Fund Method assuming 10.5% compounded annually. 57,369.31 57,369.31. This was the correct answer 47,639.04 58,451.24 58,467.80 1 Drag n' Drop here or Browse pdf files only! MAY 29 stv