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
Posted: Fri Jul 01, 2022 8:52 am
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
24,000
21,500
18,000
12,500