An asset is purchased for P120,000.00. Its estimated economic life is 10 years, after which it will be sold for P12,000.00. Find the depreciation for the first year using the sum-of-the-years digit...

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An asset is purchased for P120,000.00. Its estimated economic life is 10 years, after which it will<br>be sold for P12,000.00. Find the depreciation for the first year using the sum-of-the-years digit<br>method (SOYD).<br>Ans. P19,636.36<br>

Extracted text: An asset is purchased for P120,000.00. Its estimated economic life is 10 years, after which it will be sold for P12,000.00. Find the depreciation for the first year using the sum-of-the-years digit method (SOYD). Ans. P19,636.36

Jun 09, 2022

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An asset is purchased for P120,000.00. Its estimated economic life is 10 years, after which it will be sold for P12,000.00. Find the depreciation for the first year using the sum-of-the-years digit...

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