Determine the rate of depreciation, the total depreciation, the total depreciation up to the end of the
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Question:
Determine the rate of depreciation, the total depreciation, the total depreciation up to the end of the 8th year and the book value at the end of 8 years for an asset that costs P 15,000 new and has an estimated scrap value of P 2,000 at the end of 10 years by
(a) Declining balance method
(b) Double Declining balance method.
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