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What depreciation expense on the syd basis at the end

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Question 1: On january 1,20x1, Buckle Co. purchased a machine that had a list price of P 46,320. Buckle Co. paid cash of P18,000 and executed a one-year non-interest bearing note for the balance. The going rate of interest was 18%. The machine has a 6-year life and no residual-value. Depreciation expense on the SYD basis at the end of 20x1 is:

Option 1: P14,690

Option 2: P12,000

Option 3: P13,234

Option 4: Answer not given

Option 5: P8,092

Reference no: EM132586712

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