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PLEASE ANSWER ASAP FOR UPVOTE/LIKE On January 2, 2020, VSG purchased a transportation equipment costing P2.400.000. The new asset has an estimated useful life of

PLEASE ANSWER ASAP FOR UPVOTE/LIKE

On January 2, 2020, VSG purchased a transportation equipment costing P2.400.000. The new asset has an estimated useful life of 8 years with no salvage value. VSG depreciates this type of asset using the straight-line method. On January 1, 2022, VSG determined that the machine had a remaining useful life of 6 years from the date of acquisition with no salvage value.

How much is the revised depreciation for 2022?

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