Question
On July 1, 2016, Flynn Rider Company purchased a building for P49,200,000. The building has an estimated life of 40 years. Six months depreciation was
On July 1, 2016, Flynn Rider Company purchased a building for P49,200,000. The building has an estimated life of 40 years. Six months depreciation was taken in the year of purchase and the book value of the building on December 31, 2020, after depreciation adjusting entry is P43,755,000.
What is the salvage value of the building?
0
5, 640, 000
800, 000
5, 445, 000
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Managerial Accounting
Authors: Karen BraunWendy Tietz
3rd Edition
0132890542, 978-0132890540
