38. Pink Company purchased a machine on January 1, 2019 for P6,000,000. At the date of acquisition, the machine had . life of six years with no residual value. The machine was depreciated on a straight-line basis. On January 1, 2022, the ent determined that the machine has a useful life of eight years from the date of acquisition with no residual value. What is the depreciation of the machine for 2022?

38. Pink Company purchased a machine on January 1, 2019 for P6,000,000. At the date of acquisition, the machine had . life of six years with no residual value. The machine was depreciated on a straight-line basis. On January 1, 2022, the ent determined that the machine has a useful life of eight years from the date of acquisition with no residual value. What is the depreciation of the machine for 2022?

Name: 38. Pink Company purchased a machine on January 1, 2019 for P6,000,00
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Description: 38. Pink Company purchased a machine on January 1, 2019 for P6,000,000. At the date of acquisition, the machine had alife of six years with no residual value. The machine was depreciated on a straight-line basis. On January 1, 2022, the entitydeterm

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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