A computer, printer, and copier were purchased for a total price of Php 250,000 on August 1, 2013. The company estimated that the equipment purchased will be effectively used for 5 years and after that, the equipment can be sold for Php20,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A computer, printer, and copier were purchased for a total price of Php 250,000 on August 1, 2013. The
company estimated that the equipment purchased will be effectively used for 5 years and after that, the
equipment can be sold for Php20,000.
a. How much is the annual depreciation of the equipment?
Transcribed Image Text:A computer, printer, and copier were purchased for a total price of Php 250,000 on August 1, 2013. The company estimated that the equipment purchased will be effectively used for 5 years and after that, the equipment can be sold for Php20,000. a. How much is the annual depreciation of the equipment?
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