What amount should be shown in Dan balance sheet

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Reference no: EM132846308

Question - On January 1, 2010, Dan Company purchased a new machine for P2,000,000. The new machine has an estimated useful life of eight years and the salvage value was estimated to be P200,000 Depreciation was computed on the sum of the years' digits method. What amount should be shown in Dan's balance sheet at December 31, 2011, net of accumulated depreciation for this machine?

Reference no: EM132846308

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