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Everlasting Company purchased machinery for P920,000 on January 1, 2021. It is estimated that it will have a useful life of 5 years and residual

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Everlasting Company purchased machinery for P920,000 on January 1, 2021. It is estimated that it will have a useful life of 5 years and residual value of P20,000. Prepare the depreciation table using the sum of the years' digits method Year 2021 Year 2022 Year 2023 Year 2024 Year 2025 Acquisition cost Accumulated depreciation Net book value Depreciation expense

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