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Faithful Company purchased an equipment on January 2, 2021 for P3,000,000. The equipment had an estimated useful life of 5 years. It is the companys

Faithful Company purchased an equipment on January 2, 2021 for P3,000,000. The equipment had an estimated useful life of 5 years. It is the companys policy to use the double declining method in its first two years and then switch to the straight-line method for the remaining useful life of the asset.

How much is the revised depreciation for 2023?

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