Relevant Competitive Tests:
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?
A. P 3,279.27
B. P 3,927.27Correct Answer
C. P 3,729.27
D. P 3,792.72
Correct Option: B. P 3,927.27
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