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1.What is the depreciation for 2021? 2.What is the impairment loss for 2021? 3.What is the impairment loss for 2022? 4.What is the depreciation for

1.What is the depreciation for 2021?

2.What is the impairment loss for 2021?

3.What is the impairment loss for 2022?

4.What is the depreciation for 2023?
On January 1, 2021, Mace Company purchased an equipment at a cost of P1,450,000 with useful life of 4 years. On December 31, 2021 and December 31, 2022, the entity determined that impairment indicators were present. The entity provided the following information for impairment testing at year end: December 31, 2022 December 31, 2021 1 450 000 575 000 Fair value less cost of disposal Value in Use 1 500 000 625 000 No change was made in the remaining useful life

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