had a useful life of eight years from the date of acquisition On January 1, 2021, the entity determined that the machine of six years with no residual value. The machine was P6,000,000. At the date of acquisition, the machine had a life Blue Company purchased a machine on January 1, 2018 for was depreciated on a straight line basis. with no residual value. What amount should be recorded as depreciation of the machine for 2021? 750,000 b. 600,000 375,000 C. d. 500,000 a.
had a useful life of eight years from the date of acquisition On January 1, 2021, the entity determined that the machine of six years with no residual value. The machine was P6,000,000. At the date of acquisition, the machine had a life Blue Company purchased a machine on January 1, 2018 for was depreciated on a straight line basis. with no residual value. What amount should be recorded as depreciation of the machine for 2021? 750,000 b. 600,000 375,000 C. d. 500,000 a.
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 8P: Kam Company purchased a machine on January 2, 2019, for 20,000. The machine had an expected life of...
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