Question
Luna Co. purchased machinery that was installed and ready for use on January 3, 2020, at a total cost of P69,000. Residual value was estimated
Luna Co. purchased machinery that was installed and ready for use on January 3, 2020, at a total cost of P69,000. Residual value was estimated at P9,000. The machinery will be depreciated over five years using the double-declining balance method. For the year 2021, Luna should record depreciation expense on this machinery of
Group of answer choices
P14,400
P16,560
P18,000
P27,600
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Accounting And Financial System Reform In Eastern Europe And Asia
Authors: Robert W. McGee, Galina G. Preobragenskaya
2nd Edition
0387257098, 9780387257099
