PROBLEM 2: A certain organization decided to acquire 2 a state of the art production equipment that will cost 2,000,000 pesos. The amount of Shipping is 69000 and the installation charges to be paid is 75,000, Using the declining balance method and double declining balance method. Find the depreciation cost for its 3rd year of use 6) the total depreciation for 8 years the salvage value if it is expected to last for 15 o If the annual rate of depreciation for DBM is 9.5%, for 15 years