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Liliw Business Enterprise purchased transportation equipment on June 30, 2018 that can be used over five years. The total depreciable cost of the asset isP285,000

Liliw Business Enterprise purchased transportation equipment on June 30, 2018 that can be used over five years. The total depreciable cost of the asset isP285,000 and the residual value isP35,000. How much is the book value of the transportation equipment as of December 31, 2019?

P199,500

P210,000

P234,500

P245,000

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