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An equipment costs Php 3,055,439. At the end of its economic life of 16 years, its...

An equipment costs Php 3,055,439. At the end of its economic life of 16 years, its salvage value is Php 38,370. Using Sum of the Years Digit Method of Depreciation, what will be its book value at the end of the third year?
Manual Solution Please. No to excel answer

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