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What depreciation expense for the first full year

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Reference no: EM132568022

Question 1: Mendenhall Corporation constructed a building at a cost of P10,000,000. Average accumulated expenditures were P4,000,000, actual interest was P600,000, and avoidable interest was P300,000. If the salvage value is P800,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is

Select one:

a. P257,500.

b. P245,000.

c. P237,500.

d. P337,500.

Reference no: EM132568022

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