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What is the depreciation

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Question - On January 1, 2018, Zee Company purchased for P2,400,000 a machine with a useful life of ten years and no residual value.

The machine was depreciated by the double declining balance method and the carrying amount of the machine was P1,536,000 on December 31,2019. The entity changed to the straight line method on January 1,2020. What is the depreciation for 2020?

Reference no: EM132793781

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