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What is the estimated useful life of the computer equipment

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Question - Computer Equipment and Accumulated Depreciation-Computer Equipment have beginning balances of P924,000 and P315,000, respectively. The estimated scrap value of the computer equipment is P31,000. There are no additions and disposals of computer equipment during the year. What is the estimated useful life of the computer equipment if the Computer Equipment and Accumulated Depreciation-Computer Equipment as of December 31, 2019 amounted to P924,000 and P538,250, respectively?

a. 3 years

b. 4 years

c. 5 years

d. 6 years

Reference no: EM132546051

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