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Determine the rate of depreciation, the total depreciation up to end of the 8thyear and the book value at the end of 8 years for

Determine the rate of depreciation, the total depreciation up to end of the 8thyear and the book value at the end of 8 years for an asset that costs P15,000 new and has an estimated scrap value of P2,000 at the end of 10 years by double declining balance method.

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