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Compute what the acquisition cost of the machinery was

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Problem 1: On January 5, 2016, Middleton Co. purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of P30,000. The depreciation applicable to this machinery was P65,000 for 2018, computed by the sum-of-the-years'-digits method. The acquisition cost of the machinery was?

Reference no: EM132711695

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