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P 7 - 1 6 The Carryall Trucking Company uses three delivery trucks that cost P 1 0 0 , 0 0 0 ; P

7 - 16

The Carryall Trucking Company uses three delivery trucks that cost

P 100, 000

;

120, 000

; and

150, 000 .

The estimated salvage values are

P 20, 000

;

P 25, 000

; and

35, 000 .

All truck have an expected service life of

10

years. Determine group

depreciation rate and annual depreciation.

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