On July 1, 2020, XX Company purchased an equipment for P14,100,000. After 5 years of its estimated

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On July 1, 2020, XX Company purchased an equipment for P14,100,000. After 5 years of its estimated useful life, it can be sold for P100,000. How much is the carrying amount of the equipment as of December 31, 2021?

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Intermediate Accounting Volume 1

ISBN: 978-1119496496

12th Canadian edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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Posted Date: Jun 10, 2023 12:09 PM

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On July 1, 2020, XX Company purchased an equipment for P14,100,000. After 5 years of its estimated

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To calculate the carrying amount of the equipment as of December 31 2021 we need to consider the dep... View the full answer

Intermediate Accounting Volume 1

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