ABC company purchased a machine use to their business whose first cost is P 500,000 with an estimated life of 10 years. The estimated salvage value of the equipment at the end of its lifetime is P 25,000. a.Determine the depreciation charge and book value at the end of various years using the straight line method of depreciation.  b. 2.b calculate the depreciation and the book value for period 5 using the declining balance method of depreciation by assuming 0.2 for K. *

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Q: answer

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