On January 1, 2020, Dime Company purchased a new machine for P4,000,000 The new machine has an estimated useful life of 8 years and the residual value was estimated to be P400,000 Depreciation was computed based on the sum of the years' digits method What is the carrying amount of the machine on D...

A Carrying Amount on December 31 2021 Initial Cost P4000000 Estimated Residual Value P400000 Useful ...

On January 1, 2020, Dime Company purchased a new machine for P4,000,000. The new machine has...

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On January 1, 2020, Dime Company purchased a new machine for P4,000,000. The new machine has an estimated

Bidder Inc. acquired a machinery on April 1, 2020. Cost Residual value Estimated useful life P1,200,000

1. What is the depreciation for 2020 using sum of years digits? 2. What is the depreciation for 2021 using

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Aug 28, 2023 08:32 AM

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Intermediate accounting

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