FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The Nickle Company purchased an asset for P17,000 on January 2, 2021. The asset has
an expected residual value P1,000. The
next for three alternative depreciation methods:
Year Method A Method B Method C
2021 P4,000 P6,400 P6,375
2022 4,000 4,800 3,984
Required
1. Which depreciation method is the company using in each example?
2. Compute the depreciation expense for 2023 and 2024 under each method
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