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How much should be the accumulated depreciation on machinery

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Problem 1: Heaven Corporation paid P300,000 for new machinery on April 1, 2019. The machinery has a five-year projected useful life, and depreciation is calculated using the sum-of-the-years'-digits approach. On March 31,2021, how much should be the accumulated depreciation on this machinery?

a) P200,000

b) P180,000

c) P120,000

d) P100,000

Reference no: EM132993562

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