January 2, 2000 the Gonzalo Corporation purchases an automatic soldering machine for ₱18,000. The corporation plans to transfer the machine to subsidiary at the end of 2005 for ₱11,000. Determine the life of the machine so that the book value at the end of 2005 will be ₱11,000 if the salvage value after L years should be 4,000 using: a) straight-line method  b) double declining balance method

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