ENGINEERING ECONOMY (DEPRECIATION) 100% UPVOTE GUARANTEE

A plant erected to manufacture socks has a first cost of P9,371,311 with a salvage value of x% of the first cost at the end of 20 years. If the interest rate is 5.144% and the total depreciation after 15 years is P3,824,064, using sinking fund method of depreciation, determine the following: 1. Sinking fund factor, in %. 2. Percentage of the first cost is taken as salvage value. 3. Appraised value after 11 years. 4. Total depreciation after 8 years