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Austere Company purchased machinery for P570,000 on January 1, 2020. It is estimated that it will have a useful life of 4 years and residual
Austere Company purchased machinery for P570,000 on January 1, 2020. It is estimated that it will have a useful life of 4 years and residual value of P20,000. Prepare the depreciation table using the Double declining balance method. Year 2020 Year 2021 Year 2022 Year 2023 Acquisition cost [B] [C] [D Accumulated depreciation [E] [F] [G] [H] Net book value LU [J] [K] [L] (A) [M] [N] [O] [P] Depreciation expense Double declining balance rate [Q]
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