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How much is the depreciation expense

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Reference no: EM133093287

Question - Polytechnic University of the Philippines - Manila purchased 50 units of Inverter-type Airconditioning units from a supplier on April 01, 2021 at an invoice price amounted to P3,000,000 intended for various offices to replace all unserviceable units and was operational only on July 17, 2021 after inspected, tested and installed. The estimated useful life of the asset is 5 years.

Required -

1. Compute the carrying value of the airconditioning units on December 31, 2023.

2. How much is the depreciation expense for 2021?

Reference no: EM133093287

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