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Find the depreciation expense on the SYD basis

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Question - On January 1, 2005, MB purchased a machine that had a list price of P46,320. MB paid cash of P18,000 and executed a one-year noninterest-bearing note for the balance. The going rate of interest was 18 percent. The machine has a 6-year life and no residual value. Find the depreciation expense on the SYD basis at the end of 2005?

Reference no: EM132850979

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