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On March 1, 2018, V Company purchased a new equipment for P2,400,000. The equipment has an estimated useful life of five years and depreciation

On March 1, 2018, V Company purchased a new equipment for P2,400,000. The equipment has an estimated useful life of five years and depreciation is computed by the sum of the years' digits method. What is the accumulated depreciation of the machinery on December 31, 2018?

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