Bulma Company provided you the following information in relation to its properly, plant, and equipment account: January 1 December 31 Machinery P135,000 P150,000 Accumulated depreciation 50,000 45,000 Additional information: Depreciation is 10% per annum. As a company policy, newly acquired assets are depreciated for a whole year at the year of purchase and no depreciation is N provided for assets disposed at the year of disposal. • At the start of the year, a fully depreciated machine without scrap value was sold for P5,000, at the same date, a new machine was acquired. How much is the historical cost of the machine sold? (no peso sign, no comma, whole number only)

Bulma Company provided you the following information in relation to its properly, plant, and equipment account: January 1 December 31 Machinery P135,000 P150,000 Accumulated depreciation 50,000 45,000 Additional information: Depreciation is 10% per annum. As a company policy, newly acquired assets are depreciated for a whole year at the year of purchase and no depreciation is N provided for assets disposed at the year of disposal. • At the start of the year, a fully depreciated machine without scrap value was sold for P5,000, at the same date, a new machine was acquired. How much is the historical cost of the machine sold? (no peso sign, no comma, whole number only)

Name: Bulma Company provided you the following information in relation to i
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Description: Bulma Company provided you the following information in relation to its properly,plant, and equipment account:January 1December 31MachineryP135,000P150,000Accumulated depreciation50,00045,000Additional information:Depreciation is 10% per annum. As a

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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