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II . Computation of depreciation An equipment costing P 1 2 0 , 0 0 0 was purchased on January 3 . It has an

.

Computation of depreciation

An equipment costing P

120, 000

was purchased on January

3 .

It has an estimated useful life of

5

years, with a salvage value of

P 8, 000 .

Compute the depreciation of the asset using the following methods:

straight

-

line method

declining balance method

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