d its estimated residual value

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Dolores Corporation acquired Machine
costing P500,000 on August 1, 2021. The
estimated useful life of the equipment is 5
years and its estimated residual value is
P20,000. What was the depreciation expense
of this machine for the year 2022?
Transcribed Image Text:Dolores Corporation acquired Machine costing P500,000 on August 1, 2021. The estimated useful life of the equipment is 5 years and its estimated residual value is P20,000. What was the depreciation expense of this machine for the year 2022?
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