Question
Use the following data to answer this item: Monthly depreciation expense - P5,000; Accumulated depreciation - P55,000; Asset cost- P150,000; Estimated salvage value - P
Use the following data to answer this item: Monthly depreciation expense - P5,000; Accumulated depreciation - P55,000; Asset cost- P150,000; Estimated salvage value - P 10,000. How many year/months left before the asset will be considered as fully depreciated?
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
