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Ting Co. acquired a machine on January 2, 20x1 for P5,000,000 The machine has a useful life of 20 years and a residual value of

Ting Co. acquired a machine on January 2, 20x1 for P5,000,000 The machine has a useful life of 20 years and a residual value of P100,000. Ting Co. uses the double declining balance method of depreciat...

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