A machine which cost P 10,000 was sold as scrap after being used for 10 years. If the scrap value was P 500, determine the total depreciation and book value at the end of the 5th year using straight line method.

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A Machine Which Cost P 10,000 Was Sold As Scrap After Being Used For 10 Years. If The Scrap Value Was P 500, Determine The Total Depreciation And Book Value At The End Of The 5th Year Using Straight Line Method.