A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had been appraised at P4,000,000 with scrap of P40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation? 198,000 120,000 211,200

A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had been appraised at P4,000,000 with scrap of P40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation? 198,000 120,000 211,200

Name: A depreciable property costing P2,600,000 with original scrap value o
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Description: A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had been appraised atP4,000,000 with scrap of P40,000. The age of the asset is 4 years and the condition percent is 80. What is the annualdepreciation su

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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