ABC purchased an equipment 3 years ago at a cost of P100,000. Residual value is P10,000 and useful life is 5 years. ABC

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answerhappygod
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ABC purchased an equipment 3 years ago at a cost of P100,000. Residual value is P10,000 and useful life is 5 years. ABC

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ABC purchased an equipment 3 years ago at a cost of P100,000.Residual value is P10,000 and useful life is 5 years. ABC used thestraight line method of depreciation. On Jan 1, 20X4, at the startof the fourth year, the business added a part worth P50,000 thatwill prolong its remaining useful life to 4 years. How much is thedepreciation expense for the
24,000
21,500
18,000
12,500
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