ACCOUNTING
Using the information in problem 20. Assume the equipment has a useful life of
10 years and a residual value of P90,000. The company uses the straight-line
method of depreciation. How much are the depreciation expense in 2017 and
the carrying amount of the equipment on December 31, 2018, respectively?
Depreciation expense Carrying amount – 12/31/18
A. 80,000 810,000
B. 80,000 730,000
C. 80,000 640,000
D. 80,000 540,000
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Question 13
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Question 13
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