What is the carrying value of the equipment on dec

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Problem 1: Love Company purchased on Oct 1,2019 an equipment for P800,000. The equipment had an estimated useful life of 8 years. The estimated salvage was estimated at P50,000 at the end of its useful life. The equipment is being depreciated using the double declining method. What is the carrying value of the equipment on Dec 31,2020?

Reference no: EM132789749

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