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Please answer the given question and show the complete solution. Thank you very much!! 2. An equipment costs P740,000 and has a maintenance cost of

Please answer the given question and show the complete solution. Thank you very much!!

2. An equipment costs P740,000 and has a maintenance cost of P50,000 every year. If it has a salvage value of P180,000 and a capitalized cost of P1,733,865.00, determine the number of useful years where the equipment can perform effectively. The interest rate is 8% compounded annually

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