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What is the carrying value of the machinery on December

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Reference no: EM132911034

Question - On March 31, 2014, YET Inc. acquired a machinery for P1,600,000 with residual value of P100,000. The machinery has a useful life of 5 years. It is YET's policies to use straight line method in computing depreciation expense and to account its property, plant and equipment using Cost Model. What is the carrying value of the machinery on December 31, 2016?

Reference no: EM132911034

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