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On January 1, 2020, Bong Ga Company purchased equipment for P4,000,000. The equipment has a useful life of 10 years and a residual value of

On January 1, 2020, Bong Ga Company purchased equipment for P4,000,000. The equipment has a useful life of 10 years and a residual value of P400,000. On January 1, 2021, the entity determined that the...

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