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Problem 29-19 (AICPA Adapted) At the beginning of current year, Vicious Company reported . 11...ino nroperty, plant and property and accumulated Land improvements - Straight
Problem 29-19 (AICPA Adapted) At the beginning of current year, Vicious Company reported . 11...ino nroperty, plant and property and accumulated Land improvements - Straight line, 20 years. Building - 150% declining balantraight line, ten years. Machinery and equipment -clining balance, three years. * On January 1 , machinery and e00, which included a P10,000 at a total invoice cost of P200,000 cost of P40,000 was incurred. charge for fieight. Installation fod for P60,000 two years * On June 30, a machine purcha ago was sold for P36,0. tity purchased a a mobile purchased * On December 31, the entity in of an quto nuto tomobile has a cash price of P570,000. Determine the following for the current year: Required: 1. Depreciation of land improvements 2. Depreciation of buidding and equipment 3. Depreciation of mathchinemobiles
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