Find what is the carrying value of the equipment on dec

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Problem 1: Killua Company purchased an equipment for P540,000 on January 2,2020. The equipment had an estimated salvage value of P60,000 and estimated useful life of 5 years. The equipment being depreciated using the sum-of-years digit method. What is the carrying value of the equipment on Dec 31,2021?

Reference no: EM132789752

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