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What was the acquisition cost of the equipment

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Reference no: EM132996026

On January 2, 2017, NCT Company acquired equipment to be used in its manufacturing operations. The equipment has an estimated useful life of 10 years and an estimated residual value of P15,000. The depreciation applicable to this equipment was P63,636 for 2020, computed under the sum-of-the-years'-digits method.

Problem 1: What was the acquisition cost of the equipment?

Reference no: EM132996026

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