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On August 1, 2015 BOSTON Company purchased a building for P59, 750, 000. The building has an estimated life of 42 years. Six months
On August 1, 2015 BOSTON Company purchased a building for P59, 750, 000. The building has an estimated life of 42 years. Six months depreciation was taken in the year of purchase and the book value of the building on December 31, 2021, after the depreciation adjusting journal entry is P53, 250, 000. What is the salvage value of the building under the straight line method?
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
