Problem 9-5 (IAA) On January 1, 2016, Milan Company purchased an for P6,000,000. The equipment had been depreciated using the straight line with residual value of P600,000 and useful equipment On...

Problem 9-5 (IAA)<br>On January 1, 2016, Milan Company purchased an<br>for P6,000,000. The equipment had been depreciated using<br>the straight line with residual value of P600,000 and useful<br>equipment<br>On January 1, 2018, the entity determined that the remaining<br>useful life is 10 years and the residual value is P800,000.<br>What is the depreciation for 2018?<br>a. 270,000<br>b. 546,000<br>c. 466,000<br>d. 582,500<br>

Extracted text: Problem 9-5 (IAA) On January 1, 2016, Milan Company purchased an for P6,000,000. The equipment had been depreciated using the straight line with residual value of P600,000 and useful equipment On January 1, 2018, the entity determined that the remaining useful life is 10 years and the residual value is P800,000. What is the depreciation for 2018? a. 270,000 b. 546,000 c. 466,000 d. 582,500

Jun 03, 2022

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Problem 9-5 (IAA) On January 1, 2016, Milan Company purchased an for P6,000,000. The equipment had been depreciated using the straight line with residual value of P600,000 and useful equipment On...

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