What is the machines economic life in years, Microeconomics

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What is the machines economic life in years

Problem

A machine costs P 1.5 million. It has a salvage value of P600,000 at the end of its economic life. Using Sum of the Year Depreciation Method, the book value at the end of 2 years is estimated to be P870,000. What is the machine's economic life in years?

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