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How much depreciation be recognized using output method

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Problem 1: BTS Co. purchased machinery for P15,000,000 on Jan. 1, 2021. The machine has a useful life of 15 years with a residual value of P1,500,000. The entity also estimates that the machine will be able to produce a total of 1,500,000 units of cars. For 2021, the machine produced a total of 75,000 units of cars. Using the Output Method, how much depreciation should be recognized?

Reference no: EM132999063

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