A metal product company has decided to purchase a new cutting equipment for Php 99490. This equipment will be kept for 20 years before being sold. Its estimated salvage value at the time is expected to be Php 4790. The depreciation amount on the equipment over its depreciable life is Php _________ per year:

Note: Final answer round to the nearest whole number

Answer rating: 100% (QA)

Straightline depreciation is a simple method for calculating how much a particular f... View the full answer