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Show solution in good form. The following information given. Dec. 31, 2019 Dec. 31, 2018 - Dividends payable P34,000 P22 000 . Equipment P925,000 P780,000

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The following information given. Dec. 31, 2019 Dec. 31, 2018 - Dividends payable P34,000 P22 000 . Equipment P925,000 P780,000 . Accumulated Depreciation - Equipment P283,000 P300,000 . Unappropriated Retained Earnings P710,000 P500,000 . Appropriated Retained Earnings P 20,000 PO . Cash P 6,700 P 3,500 The following information relates to 2019: 1. Profit for the year P1,000,000. 2. Depreciation expense for the year, P74,000. 3. During the year, equipment was overhauled at a cost of P25,000. The amount was debited to accumulated depreciation. 4. During the year, equipment with a book value of P100,000 was sold. A loss of P11,000 was realized on the sale What is the total amount of equipment purchases during 2019

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