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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

P7-16 The Carryall Trucking Company uses three delivery trucks that cost P100,000;
P120,000; and 150,000. The estimated salvage values are P20,000;P25,000; and
35,000. All truck have an expected service life of 10 years. Determine group
depreciation rate and annual depreciation.
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