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Overberg Company purchased a machine on January 2, 20X0, for P1,000,000. The machine has an estimated useful life of five years and a salvage value

Overberg Company purchased a machine on January 2, 20X0, for P1,000,000. The machine has an estimated useful life of five years and a salvage value of P100,000. Depreciation was computed by the 150% declining-balance method.

The accumulated depreciation balance at December 31, 20X1, should be?

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