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How much is the estimated sales value of the equipment

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Question - Anmary Biscuit's Company owns a factory equipment which was originally purchased January 1, 2012 for P175,000. The company's adjusted trial balance shows accumulated depreciation of P75,000 for the said equipment. It is determined, however, that the equipment will only be used up to December 31, 2019, by which time, it can be sold to a secondhand equipment dealer. How much is the estimated sales value of the equipment on December 31, 2019?

Reference no: EM132771049

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