Question: The answer is P621,224 . I just need the complete solution. On January 1I 2021, YZA Corporation bought a factory equipment for P924,000. salvage value

The answer is P621,224. I just need the complete solution.

On January 1I 2021, YZA Corporation bought a factory equipment for P924,000. salvage value was estimated at P24,000. The asset will be depreciated over 10 years using the double declining balance method. How much is the total accumulated depreciation to be reported in the balance sheet on December 31, 2025

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