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Determine the depreciation charge during the year

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Question - A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by:

Sinking Fund Method with interest of 12%;

Double Declining Balance Method;

MACRS.

Reference no: EM132780190

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