Reference no: EM132974466
Question - A manufacturer purchased capital goods on several occasions as follows:
Month of purchase Amount Input vat Useful life No. of monthly amortization Last month of amortization
Jan. 2018 P9,500,000 P1,140,000 3 years
Feb. 2018 505,000 60,600 4 years
Mar. 2018 750,000 90,000 3 years
Dec. 2021 20,000,000 1,200,000 5 years
Jan. 2022 20,000,000 1,200,000 5 years
Determine the number of monthly amortizations and the last month of amortization.
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