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What is the depreciation expense for the year ended december

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Question - BLACK JACK Company purchased an automotive equipment on June 30, 2013 for P3,000,000. At the date of acquisition, the equipment had a life of six years with no salvage value. The equipment is being depreciated on a straight-line basis. On October 1, 2021, BLACK JACK determined that the equipment had a remaining useful life offive years. What is the depreciation expense for the year ended December 31, 2021?

Reference no: EM133182405

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