Question
On January 1.2018, Brazilia Company purchased for P4,800,000 a machine with a useful life ten years and a residual value of P200,00. The machine was
On January 1.2018, Brazilia Company purchased for P4,800,000 a machine with a useful life ten years and a residual value of P200,00. The machine was depreciated by the double declining balance.
The entity changed to the straight line method on January 1,2020. The residual value did not change.
What is the accumulated depreciation on December 31,2020?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
