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Question 13 2 pts On January 1, 2020. A Company bought an equipment from B Company for P3,600,000 and immediately leased it back for 6
Question 13 2 pts On January 1, 2020. A Company bought an equipment from B Company for P3,600,000 and immediately leased it back for 6 years to B Company The equipment had a remaining useful life of 10 years as of this date, and a fair value of P3,600,000. Prior to the sale, the equipment had a carrying amount of P3,400,000 in B's books. Year-end payments of P400,000 starting 2020 is dictated by the lease contract, with an implicit rate of 8% Determine depreciation expense to be recognized by B Company in 2020. Round final answer to nearest peso. Use PVE rounded to four decimal points
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