45. A truck initially cost P60,000. Its resale value at the end of the 5th year of the useful life is estimated at P 20,000. Using the double declining balance method, determine the total depreciation for the 2nd year а. 35840 b. 34800 c. 28520 d. 38400 е. None of the above

45. A truck initially cost P60,000. Its resale value at the end of the 5th year of the useful life is estimated at P 20,000. Using the double declining balance method, determine the total depreciation for the 2nd year а. 35840 b. 34800 c. 28520 d. 38400 е. None of the above

Name: 45. A truck initially cost P60,000. Its resale value at the end of th
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Description: 45. A truck initially cost P60,000. Its resale value at the end of the 5th year of the useful life isestimated at P 20,000. Using the double declining balance method, determine the totaldepreciation for the 2nd yeara.35840b. 34800C.28520d. 38400e. N

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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