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Rudolph Company purchased a piece of equipment on January 1, 2020 for P8,000,000. The equipment had an estimated useful life of 10 years and a
Rudolph Company purchased a piece of equipment on January 1, 2020 for P8,000,000. The equipment had an estimated useful life of 10 years and a residual value of P300,000. The company's policy is to depreciate the asset using the sum of the years' digit method for the first six years of the asset's life and then switch to the 150% declining balance for the remaining useful life of the asset. What is the total accumulated depreciation as of December 31, 2027
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