Question
Yami Company started operation in September 15, 2019, and bought a machinery for P1,800,000 in October 1, 2019, the only PPE acquisition made in that
Yami Company started operation in September 15, 2019, and bought a machinery for P1,800,000 in October 1, 2019, the only PPE acquisition made in that year. The machinery is said to last for 10 years with no residual value. Yami uses the Straight Line method. In the Notes to Financial Statement as of December 31, 2020 particularly in the Lapsing Schedule, accumulated depreciation balance of P250,000 is reflected. Yami is said to have purchased Equipment in year 2020.
How much is depreciation expense for the equipment?
20,000
25,000
30,000
How much is depreciation expense 2019?
35,000
40,000
45,000
How much is total depreciation expense 2020?
200,000
205,000
210,000
How much is the accumulated depreciation as of 12/31/2020 for the machinery?
125,000
200,000
225,000
Machinery annual depreciation?
100,000
180,000
240,000
NEED ANSWER ASAP.
WITH SOLUTION PLEASE.
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