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What is the depreciation expense of the equipment for year

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Reference no: EM132834024

Problem 1: On July 1, 2014, TSK Inc. acquired an equipment for P2,200,000 with residual value of P200,000. The equipment has a useful life of 4 years. TSK's policies is to use Sum-Of-The-Years Digit 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: EM132834024

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