Equipment was purchased for P75,000. Freight charges amounted to P3,500 and there was a cost of P10,000 for building a f

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Equipment Was Purchased For P75 000 Freight Charges Amounted To P3 500 And There Was A Cost Of P10 000 For Building A F 1 (95.98 KiB) Viewed 11 times

Equipment was purchased for P75,000. Freight charges amounted to P3,500 and there was a cost of P10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a P15,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be O P12,000 O P17,700 P14,700 O P12,300