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How much should be recognized as depreciation expense

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Reference no: EM132891112

Problem 1: Mango Co. owns a machine that was bought on January 1, 2017, for P752,000. The machine was depreciated under the sum of the years' digits method using estimated useful life of 5 years and salvage value of P48,000. At the beginning of 2020, Mango Co. determined that the useful life of the machine should have been 4 years and the salvage value P70,400. For the year 2020, how much should be recognized as depreciation expense?

a. P38,400
b. P88,800
c. P118,400
d. P140,800
e. None of the choices

Reference no: EM132891112

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