The company acquired equipment on April 1, 2009, costing P150,000. The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, what is the book value of the equipment as of April 01, 2014 or after the 5 years useful life?

The company acquired equipment on April 1, 2009, costing P150,000. The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, what is the book value of the equipment as of April 01, 2014 or after the 5 years useful life?

Name: The company acquired equipment on April 1, 2009, costing P150,000. The
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Description: The company acquired equipment on April 1, 2009, costing P150,000. The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, what is the book value of the equipment as of April 01, 2014 or after the 5

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 8MC: On July 1, 2018, Mundo Corporation purchased factory equipment for 50,000. Residual value was...

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