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The cost of equipment is P500,000 and the cost of installation is P30,000. If the salvage value is 10% of the cost of equipment, determine

The cost of equipment is P500,000 and the cost of installation is P30,000. If the salvage value is 10% of the cost of equipment, determine the book value at the end of the 3rd year, Solve using Sinking fund method (not straight line) at interest of 12%

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