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Find how much is the depreciation expense for bts co

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Problem 1: On December 31, 2020, BTS Co. had a 5-year old building with a cost of P10,000,000.00 and accumulated depreciation of P5,000,000.00. The building was being depreciated using the straight line depreciation method. It has an estimated useful life of 10 years and has no salvage value. On December 31, 2021, BTS decided to change its depreciation method to SYD. How much is the depreciation expense for 2022?

Reference no: EM132999062

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