33. A telephone company purchased a microwave radio equipment for P6M. Freight and installation charges amounted to 3% of the purchased price. If the equipment shall be depreciated over a period of 8...

Extracted text: 33. A telephone company purchased a microwave radio equipment for P6M. Freight and installation charges amounted to 3% of the purchased price. If the equipment shall be depreciated over a period of 8 years with a salvage value of 5%, determine the depreciation charge during the 5th year using the Sum of Year Digit Method. a. P756,632.78 c. P652,333.33 b. P957,902.56 d. P845, 935.76