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Determine what was the acquisition cost of the equipment

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Problem 1: On January 1, 2018, Pam Company acquired equipment to be used in the manufacturing operations. the equipment had an estimated useful life of to years and an estimated residual value of 50,000 pesos. the depreciation applicable to this equipment was 240,000 pesos for 2020 computed under the sum of years digits method. What was the acquisition cost of the equipment?

Reference no: EM132759445

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