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Gardenia Company purchased machinery for P800,000 on January 1, 2021. it is estimated that it will have a useful site of 20 years and residual

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Gardenia Company purchased machinery for P800,000 on January 1, 2021. it is estimated that it will have a useful site of 20 years and residual value of P50,000 Prepare the depreciation table using the double declining balance method Year 2021 Year 2022 Year 2023 Year 2024 Year 2025 Acquisition 800.000 800,000 800.000 800.000 800.000 cost Accumulated depreciation Netbook valus Depreciation expense

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