A machine bought at P420,000 has an economic life of 6 years with a salvage value of P50,000. Cost of money is 12% per year. The first year depreciation is found to be P105,714. What method of depreciation is used?
A machine bought at P420,000 has an economic life of 6 years with a salvage value of P50,000. Cost of money is 12% per year. The first year depreciation is found to be P105,714. What method of depreciation is used?
A machine bought at P420,000 has an economic life of 6 years with a salvage value of P50,000. Cost of money is 12% per year. The first year depreciation is found to be P105,714. What method of depreciation is used?
A machine bought at P420,000 has an economic life of 6 years with a salvage value of P50,000. Cost of money is 12% per year. The first year depreciation is found to be P105,714. What method of depreciation is used?
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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