TAKDER Co. purchased four
Depreciation Methods
The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.
Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
TAKDER Co. purchased four convenience store buildings on January 1, 2014, for a total of P22,000,000. The buildings have been
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P3,385,000
P4,435,000
P5,560,000
answer not given
my answer is 3385000. i used pv and net
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