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Prepare depreciation table on a five-year period

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Jackellen corporation acquired a machinery for a total cost of P700,000 on January 1, 2005. The machinery has an estimated salvage value of P 25,000 and an estimated useful life of 5 years.

required:

Problem 1: prepare depreciation table on a 5-year period under the method : (round off all computation to the nearest peso)

1.a. Sum-of-years-digits method
1.b. Double declining balance method

Reference no: EM132726127

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