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What is the asset depreciation base

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Problem 1: Sunday Corporation paid P120,000 for a depreciable asset. The salvage value is assessed to be P10,000, and the useful life is predicted to be 10 yrs. Depreciation will be calculated using the straight-line approach. What is the asset's depreciation base?

a) P11,000

b) P12,000

c) P110,000

d) P120,000

Reference no: EM132992218

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