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please answer as soon as possible thank you! OKC Manufacturing Co., a calendar-year company, purchased a machine for P650,000 on January 1, 2018. At the
please answer as soon as possible thank you! OKC Manufacturing Co., a calendar-year company, purchased a machine for P650,000 on January 1, 2018. At the date of purchase, OKC incurred the following additional costs: Loss on sale of old machinery P15,000 Freight cost 5,000 Installation cost 20,000 Testing costs prior to regular operation 4,000 The estimated salvage value of the machine was P50,000, and OKC estimated that the machine would have a useful life of 20 years, with depreciation being computed using the straight-line method. In January 2020, accessories costing P48,600 were added to the machine to reduce its operating costs. These accessories neither prolonged the machine's life nor did they provide any additional salvage value. The depreciation to be recognized in 2020 is P31,450 P36.930 OP33,880 P34,150
please answer as soon as possible thank you!
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