Question
10. On March 2, 2021, HAYABUSA bought an equipment costing P1,200,000. It is the Companys policy to depreciate long-lived assets using the double declining balance.
10. On March 2, 2021, HAYABUSA bought an equipment costing P1,200,000. It is the Companys policy to depreciate long-lived assets using the double declining balance. The equipment had a useful life of 10 years.
How much is the carrying value of the above asset at December 31, 2023?
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
