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What is the accumulated depreciation on december

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Reference no: EM132809810

On January 1.2018, Brazilia Company purchased for P4,800,000 a machine with a useful life ten years and a residual value of P200,00. The machine was depreciated by the double declining balance.

  • The entity changed to the straight line method on January 1,2020. The residual value did not change.

Problem 1: What is the accumulated depreciation on December 31,2020?

Reference no: EM132809810

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