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Year 2025 Ivy Company purchased machinery for P1,210,000 on January 1, 2021. It is estimated that it will have a useful life of 10 years

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Year 2025 Ivy Company purchased machinery for P1,210,000 on January 1, 2021. It is estimated that it will have a useful life of 10 years and residual value of P10,000 Prepare the depreciation table using the double declining balance method Year 2021 Year 2022 Year 2023 Year 2024 Acquisition cost Accumulated depreciation Netbook value Depreciation expense

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