Question: Please answer the given questions and show the solutions completely. Please do me a favor to answer both of these questions. Thank you very much!!

Please answer the given questions and show the solutions completely. Please do me a favor to answer both of these questions. Thank you very much!!

Please answer the given questions and show the solutions completely. Please do

1. A machine cost P7,000 last 8 years and has a salvage value at the end of life of P350. Determine the book value at the end of 5 years using the sinking fund method with 12% interest. 2. A firm bought a piece of equipment, including its installation and other expenses, amounts to P200,000. This equipment was designed to have a life of 18 years and the expected book value after 12 years is P80,000. What is the book value of this equipment at the end of its life

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