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Determine the book value after 6 years

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    Assignment ID: FG133232809

    A civil engineer bought a gantry crane for erecting tall buildings. It was invoiced from Japan CIF (cost, insurance, freight) Manila at P250,000. Brokerage, bank, arrastre fees, customs duties, permits, etc. total is P120,000. At the end of 10 years, he expects to sell it for P50,000. Determine the book value after 6 years (a) using SLM, (b) using SFM if the rate of interest is 12%, (c) usinag DBM and (d) using SYDM

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