An asset is purchased for P500,000.00. The salvage value in 25 years is P100,000.00. What is the total depreciation in the first three years using straight line method?

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A: We will find the depriciation amount.

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Q: A factory equipment has an initial cost of P200,000.00. Its salvage value after ten years is…

A: Please check step 2 for the solution.

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Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

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