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Pasado Co. purchased equipment on January 1, 20x4 for P5,000,000. The 1 point equipment had a useful life of 5 years and residual value of

Pasado Co. purchased equipment on January 1, 20x4 for P5,000,000. The 1 point equipment had a useful life of 5 years and residual value of P600,000. The policy is to depreciate 5-year assets using 200...

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