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For Nos. 27-29: KT company is contemplating the purchase of a large stamping machine which will cost $180,000. With additional transportation and installation costs
For Nos. 27-29: KT company is contemplating the purchase of a large stamping machine which will cost $180,000. With additional transportation and installation costs of $5,000 and P10,000. Its market value at the end of 5 years is estimated at $40,000. 27. What is the depreciation expense of the stamping machine on the 2nd year using declining balance? A. $20,468.47 B. P28,098.31 C. P52,950.51 D. P38,572.27 28. What is the accumulated depreciation of the stamping machine at the end of year 2 using declining balance? A. P119,621.09 B. P91,522.78 C. P140,089.56 D. P52,950.51 29. What is the book value of the stamping machine at the end of year 2 using declining balance? A. P54,910.44 B. P103,477.22 C. P75,378.91 D. P142,049.49
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