A machine cost P1,000 and has a salvage value of P100 after a life of five years. Using the doubledeclining balance depreciation method, determine: (a) the depreciation in the first year (b) thebook value after five years (c) the book value after five years if the salvage value was only P50

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A: *Answer:

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A: MACRS: It means the current tax depreciation system in the United States.

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