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What is the depreciation expense of equipment for wiz inc

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Problem 1: On January 1, 2014, WIZ Inc. acquired a machinery for P5,300,000 with salvage value of P300,000.The machinery has a useful life of 10 years and a production capacity of 1,000,000 units. WIZ's policies is to use Production Method in computing depreciation expenses and to account its property, plant and equipment using Cost Model. During 2014, the company produced 300,000 units of products using the machinery. What is the depreciation expense of the equipment for the year ended December 31, 2014?

Reference no: EM132834063

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