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What net of accumulated depreciation should be

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Frey Company purchased a machine for P 4,500,000 on January 1, 2020. The machine has an estimated useful life of four years and a residual value of P 500,000. The machine is depreciated using the SYD.

Question 1: The December 31, 2021 asset balance, net of accumulated depreciation, should be

Reference no: EM132811740

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