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Compute the annual depreciation expense

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Question - On January 1, 2021 ABC. Co acquired equipment with an estimated useful life of 5 years and a residual value of 20,000 for a total purchase cost of P200,000. Compute the annual depreciation expense if the method of depreciation used are as follows:

a. Straight line method

b. Sum-of-the-years' digits method (SYD)

c. Double declining balance method

Reference no: EM133176073

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