Mercury Drug purchased a Laboratory equipment for P 100,000 and plans to keep it for 15 years. If the salvage value is Php 15,000 at the end of 15th year, what is the depreciation in the third year? Use Sum of the Years Method. (Show your solution by using the long method by tabulating)
Mercury Drug purchased a Laboratory equipment for P 100,000 and plans to keep it for 15 years. If the salvage value is Php 15,000 at the end of 15th year, what is the depreciation in the third year? Use Sum of the Years Method. (Show your solution by using the long method by tabulating)
Mercury Drug purchased a Laboratory equipment for P 100,000 and plans to keep it for 15 years. If the salvage value is Php 15,000 at the end of 15th year, what is the depreciation in the third year? Use Sum of the Years Method. (Show your solution by using the long method by tabulating)
Mercury Drug purchased a Laboratory equipment for P 100,000 and plans to keep it for 15 years. If the salvage value is Php 15,000 at the end of 15th year, what is the depreciation in the third year? Use Sum of the Years Method. (Show your solution by using the long method by tabulating)
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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