Solution-Find what amount of the depreciation expense

Find what amount of the depreciation expense

Reference no: EM132808139

Problem 1: As of January 1, 2018, Seniors decided to change the method of computing depreciation on its sole piece of equipment from the sum-of-the-years' digits method to the straight-line method. The equipment, acquired in January 2015 for P520,000, had an estimated life of five years and a salvage value of P20,000. The amount of the depreciation expense for 2018 is

Group of answer choices

Option 1: P 60,000

Option 2: P50,000

Option 3: P42,000

Option 4: P100,000

Reference no: EM132808139

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Find what amount of the depreciation expense

Reference no: EM132808139

Reference no: EM132808139

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