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Compute for the accumulated depreciation as of december

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Joseph Company purchased equipment on March 31 ,2025 for P800,000. The companyr spent P30,000 for its freight and P50.000 fortaxes and other expenses incidental to acquisition. The equipment can be sold for P40,000 after 10 years. It is estimated to produce 336,000 units of product X.

The equrpment production of product X for the ?rst 5 years follow:

Year        Units of product X

2025         36,000

2026         34,500

2027        32,500

2028          31,000

2029          28,500

Problem 1: Compute for the accumulated depreciation as of December 31, 2027 using Sum of the Year's Digit method.

Reference no: EM132908994

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