2. On January 5, 2021, OK Company acquired a building. The building had an estimated useful life of 10- years and an estimated salvage value
2. On January 5, 2021, OK Company acquired a building. The building had an estimated useful life of 10- years and an estimated salvage value of P50,000. The depreciation applicable to this building was P240,000 for 2023 computed under the sum-of-the years digit method.
How much is the carrying value of the building as of December 31, 2022??
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Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
