Question
24. JBC Corp. uses the sum-of-years digits method to depreciate heavy equipment purchased in January 1, 2018 for P520,000. The estimated residual value of the
24. JBC Corp. uses the sum-of-years digits method to depreciate heavy equipment purchased in January 1, 2018 for P520,000. The estimated residual value of the equipment is P20,000 and the estimated useful life is 10 years. What should be the depreciation charge for the year ended December 31, 2020?
Group of answer choices
a. 72,727
b. 75,636
c. 27,272
d. 50,000
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Pioneers Of Critical Accounting A Celebration Of The Life Of Tony Lowe
Authors: Jim Haslam, Prem Sikka
1st Edition
113754211X, 9781137542113
