An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by the sinking-fund method at 4% interest.
- A. P791.26
- B. P792.61
- C. P726.17
- D. P771.26
The annual depreciation cost by sinking-fund method at 4% interest is P791.26.
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