plz solve it within 30-40 mins I'll give you multiple upvote An electronics balance costs P88,000 and has an estimated salvage value of P10,000 at the end of its 8 years lifetime. What would be the depreciation afterthree years, using the sum of the years digit in solving for the depreciation?Express your answer in whole number.

Depreciation = ( Cost of the asset - Salvage value ) * Number of years left / Sum of years

An electronics balance costs P88,000 and has an estimated salvage value of P10,000 at the end of ts 8 years lifetime. What would be the depreciation affer three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number.

An electronics balance costs P88,000 and has an estimated salvage value of P10,000 at the end of ts 8 years lifetime. What would be the depreciation affer three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number.

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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