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Prepare the depreciation schedule using the sum of the years' digits method Belle Company purchased machinery for P550,000 on January 1. 2020. It is estimated

Prepare the depreciation schedule using the sum of the years' digits method

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Belle Company purchased machinery for P550,000 on January 1. 2020. It is estimated that It will have a useful life of 6 years and residual 4'5 value of P501000. Prepare the depreciation schedule using the sum of the years' digits method. Year 2020 Year 2021 Year 2022 Year 2023 Year 2024 Year 2025 Acquisition cost Accumulated depreciation Net [130k value Depreciation expense

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