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

An asset is purchased for P 9,000.00. Its estimated economic life is 1

1.	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 3,927.27
C.	P 3,729.27
D.	P 3,792.72
Answer» C. P 3,729.27

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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

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