Question: Please answer the following and provide complete solutions: (Preferably in table form) On January 3, 2020, a new machine was acquired for P600,000. The machine

Please answer the following and provide complete solutions: (Preferably in table form)

Please answer the following and provide complete solutions: (Preferably in table form)

On January 3, 2020, a new machine was acquired for P600,000. The machine has estimated salvage value of P30,000 and estimated useful life of 12 years. The machine is expected to produce a total of 1,000,000 units. The company produced 95,000 units in 2020 and 100,000 units in 2021. 4. Compute for the annual depreciation expense using the straight-line method. 52,500 50,000 54,150 47,500 Question 31 2pts 5. (Problem 2) Determine the carrying amount of the asset as of December 31, 2021 using the output method of depreciation. 543,000 111,150 488,850 545,850

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