A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had been appraised at P4,000,000 with scrap of P40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation? 211,200 120,000 198,000 128,000
A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had been appraised at P4,000,000 with scrap of P40,000. The age of the asset is 4 years and the condition percent is 80. What is the annual depreciation subsequent to revaluation? 211,200 120,000 198,000 128,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 1RE: Susquehanna Company purchased an asset at the beginning of the current year for 250,000. The...
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