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Compute how much is the depreciation expense for bts co

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Reference no: EM132999070

Question 1: On December 31, 2020, BTS Co. had a building with a cost of P30,000,000.00 and accumulated depreciation in the amount of P6,577,500. This asset was being depreciated using the 150% Declining Balance Method. The building has a useful life of 25 years. How much is the depreciation expense for 2021?

Reference no: EM132999070

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