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What is the accumulated depreciation

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Question: Doghot Company purchased a machine for P4,500,000 on January 1,2019. The machine has an estimated useful life of four years and a residual value of P500,000.

Using sum of the years' digits method, what is the accumulated depreciation on December 31, 2020?

Using double declining method, what is the depreciation expense for the year 2020?

Reference no: EM132742433

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