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Problem 2: The initial cost of a paint sand mill, including its installation is P 800,000....

Problem 2: The initial cost of a paint sand mill, including its installation is P 800,000. The depreciable life of this machine is 10 years with an estimated salvage value of P 50,000. Using SF Method at 6%.

1. Compute the annual depreciation charge.
2. Compute the total depreciation after 6 years.
3. Compute the book value after 6 years.

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