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Question 23 Ruby Company bought machinery for P36,000. It expects the machinery to be able to generate incomes for a period of three (3) years.

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Question 23 Ruby Company bought machinery for P36,000. It expects the machinery to be able to generate incomes for a period of three (3) years. Using the straight line method in computing for its depreciation, the company expensed off P12,000 per annum for the three year period. Realization Concept Dual Aspect Concept Conservatisim Concept None of the choices Matching Concept

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