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What is the depreciation expense of the equipment

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Question - On January 1, 2014, VAIN Inc. purchased a machinery for P6,000,000 with salvage value of P1,000,000. The machinery has a useful life of 4 years. WIZ's policies is to use 200% Declining Balance Method in computing depreciation expenses and to account its property, plant and equipment using Cost Model. What is the depreciation expense of the equipment for the year ended December 31, 2016?

Reference no: EM132909952

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