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What is the depreciation expense on this machine

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Question - On January 1, 2017, TPS Company purchased for P4,800,000 a machine with a useful life of ten years and a residual value of P200,000. The machine was depreciated by the double declining balance and the carrying amount of the machine was P3,072,000 on December 31, 2018. The entity changed to the straight line method on January 1, 2019. The residual value did not change. What is the depreciation expense on this machine for 2019?

Reference no: EM133079880

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