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Company bought equipment for P10, 000. the company estimates that the equipment's period of useful life will be 4 years. After 4 years the residual

Company bought equipment for P10, 000. the company estimates that the equipment's period of useful life will be 4 years. After 4 years the residual value is P256. Calculate depreciation expense foe each of the four years using the diminishing balance method.

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