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Determine the annual cost of depreciation

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Question - MEGAWIDE purchased a machine for precast casting for P7,500,000 used it for 15 years and then sold it for P2,810,000. If capital is worth 20%, determine the annual cost of depreciation and interest using the following:

a. Sinking fund depreciation and interest on first cost

b. Straight-line depreciation plus average interest

Reference no: EM133042780

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