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What is the depreciation base of the asset

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Question 1: Ferguson Company purchased a depreciable asset for P100,000. The estimated residual value is P10,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset?

Select one:

Option a. P9,000

Option b. P90,000

Option c. P100,000

Option d. P10,000

Reference no: EM132569955

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