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need help with this Due to the large volume of COVID-19 tests conducted daily, an RT- PCR Machine which costs around P2,400,000 is to be

need help with this

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Due to the large volume of COVID-19 tests conducted daily, an RT- PCR Machine which costs around P2,400,000 is to be depreciated over a 3-year period only, with an estimated salvage value of P100,000. There are only two depreciation methods to choose from: 1) the 150% Declining Balance Method and 2) the Double Declining Balance (DDB) Method. a) What are the book values after 3 years for the two methods? Write the book values for each method below, labelled correctly and show the complete solution in your solution sheet. [3 points for each method] b) How do the estimated salvage value and the calculated book values compare in value after 3 years? Write you answer below. [2 points] c) Which among the two methods writes off more of the first cost over 3 years? Write you answer below. [2 points]

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