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Duddley Farms, a mango farm, is considering purchasing a tractor for P475,000. The machine has a 10-year life and an estimated salvage value of P27,500.

Duddley Farms, a mango farm, is considering purchasing a tractor for P475,000. The machine has a 10-year life and an estimated salvage value of P27,500. Delivery costs and set- up charges will be P12,100 and P400, respectively. The farm uses straight-line depreciation, it also estimates that the tractor will be used five times a week

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