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What is the depreciation

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Question - Captive Company purchased a factory equipment on October 1, 2020 costing P960,000. In view of pending technological developments it is estimated that the machine will have a resale value upon disposal in four and one half years of P70,000 and the disposal cost will be P10,000. What is the depreciation for 2021 using sum of years' digits?

Reference no: EM132623441

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