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Please show the complete detailed solution. Thank you. Problem 5: An equipment has a first cost of P 7,000, has a life of 8 years

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Please show the complete detailed solution. Thank you.

Problem 5: An equipment has a first cost of P 7,000, has a life of 8 years and a salvage value of "x". Compute the value of "x" if the book value of the equipment at the end of 4th year is P 2,291.11. Use SYD Method

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