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use deprecation 2. A plant crected to manufacture socks has a first cost of P10,000,000 with an estimated salvage value of P 100,000 at the

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use deprecation

2. A plant crected to manufacture socks has a first cost of P10,000,000 with an estimated salvage value of P 100,000 at the end of 25 years. Find its appraised value to the nearest P100 by the sinking fund method, assuming an interest rate of 6% (a) the end of 10 years; (b) the end of 20 years

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