On December 31, 2020, before the books were closed, the management of David Company made the following determination about its machinery. The machinery was purchased on January 1, 2017 for P7,200,000....


On December 31, 2020, before the books were closed, the management of
David Company
made the following determination about its machinery. The machinery was purchased on January 1, 2017 for P7,200,000. The machinery has a useful life of 10 years with no residual value and was depreciated using the straight line method.
In 2020, a decision was made to change the depreciation method from straight line to sum of year’s digits method. What is the depreciation of this machinery for 2020?



Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here