How is 165,000 computed for the additional accumulated depreciation? Trade in Allowance ₱400,000 Less: Book value Cost ₱1,300,000 Less: Accumulated Depreciation (₱660,000 + ₱165,000) 825,000 475,000 Loss on Trade In - October 1, 2021 -₱75,000
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How is 165,000 computed for the additional
Trade in Allowance | ₱400,000 | |
Less: Book value | ||
Cost | ₱1,300,000 | |
Less: Accumulated Depreciation (₱660,000 + ₱165,000) | 825,000 | 475,000 |
Loss on Trade In - October 1, 2021 | -₱75,000 |
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