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What amount of depreciation should mustang recognize

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Problem 1: Mustang Company changed from straight line depreciation to double declining balance method at the beginning of 2021. The plant asset originally cost P1 £00,000 in 2016 using the straight-line depreciation. Periodic depreciation using the straight-line method is P610300. What amount of depreciation should Mustang recognize for the year 2021?

Reference no: EM132820898

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