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Layla Company purchased equipment on April 1, 2020 for P800,000. The equipment has the following data . O Estimated service life. 8 years Estimated residual
Layla Company purchased equipment on April 1, 2020 for P800,000. The equipment has the following data . O Estimated service life. 8 years Estimated residual value: 80,000 Straight-line method By what amount should the difference be in depreciation expense for 2021 if Layla Company happened to depreciate the equipment under double declining balance method? (Note: Indicate "if straight line is greater than double declining)
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