Certified Industrial Engineer (CIE) Examination

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The cost of an asset is P9,000.00. After a ten-year anticipated economic life, it will be sold for P 1,000.00. Utilizing the sum-of-years-digit approach, determine the depreciation over the first three years.

P 3,792.72 P 3,729.27 P 3,927.27 P 3,279.27

Correct Answer:

P 3,927.27

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