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? 211,200 120,000 198,000 128,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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?
211,200
120,000
198,000
128,000
Transcribed Image Text: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? 211,200 120,000 198,000 128,000
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