1345. 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
✅ The correct answer is option B.

1346. Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year ?

A. P 4,880.00
B. P 4,820.00
C. P 4,860.00
D. P 4,840.00
✅ The correct answer is option C.