
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:On April 21, 2018, OO YAN!
Manufacturing
Company bought new
equipment for P725, 000. The
new equipment has an
estimated salvage value of P75,
000 and useful life of 12 years.
Depreciation is computed
using the sum-of -the-year's
digits method whole year
convention.
How much is the amount of
depreciation for 2018?
Use four decimal places for your
depreciation rate. Round off your
final answer to the whole
number.
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