A depreciable property costing P2,600,000 withoriginal scrap value of P200,000 after 15 years, hadbeen appraised at P4,000,000 with scrap ofP40,000. The age of the asset is 4 years and thecondition percent is 80. What is the annualdepreciation subsequent to revaluation?211,200120,000128,000198,000

Name: A depreciable property costing P2,600,000 withoriginal scrap value of
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Description: A depreciable property costing P2,600,000 withoriginal scrap value of P200,000 after 15 years, hadbeen appraised at P4,000,000 with scrap ofP40,000. The age of the asset is 4 years and thecondition percent is 80. What is the annualdepreciation subse

DEPRECIATION: It is the reduction in the value of fixed assets due to its continuous use. It is…

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Accounting

A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, ha peen appraised at P4,000,000 with scrap of 40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation?

A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, ha peen appraised at P4,000,000 with scrap of 40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation?

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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