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Firefly announces its new portable electric fan at a purchase cost of Php. 5292.63 adopting a linear model for depreciation under a useful life of

Firefly announces its new portable electric fan at a purchase cost of Php. 5292.63 adopting a linear model for depreciation under a useful life of 7 years. If annually, the commodity depreciates at 626.07pesos every year. Determine the value of the Matheson's constant if it was modeled under the Declining-Balance Method.

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