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Solve the following problems and show results in tabulated form: Please answer ASAP, Thank you :) 2. A truck purchased for P350,000 has an estimated
Solve the following problems and show results in tabulated form:
Please answer ASAP, Thank you :)
2. A truck purchased for P350,000 has an estimated life of 5 years or 250,000 km and a residual value of P50,000. A total of 53,000 km was driven in the first year and 75,000 km in the second year. Calculate the depreciation rate per unit and the depreciation expense for the first two years, using the Units-of-Production depreciation methodStep by Step Solution
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