P. Haze Co.'s Dec. 31, 20x1 financial statements reported total accumulated depreciation of P971,065. In 20x2, Haze Co. recognized tótal depreciation of P599,035 and made some disposals of PPE. The total accumulated depreciation on Der 31, 20x2 was P854,102. How much were the accumulated depreciation of the assets disposed of during 20x2? a. 689,018 b. 715,998 c. 749,624 d. 802.238

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 2RE: Akron Incorporated purchased an asset at the beginning of Year 1 for 375,000. The estimated residual...
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accumulated depreciation of P971,065. In 20x2, Haze Co.
recognized total depreciation of P599,035 and made some
Co. show the following information:
19. Haze Co.'s Dec. 31, 20x1 'financial statements reported total
d. 6,800,000
accumulated depreciation of P971,065. In 20x2, Haze C
recognized tótal depreciation of P599,035 and made som
disposals of PPE. The total accumulated depreciation on Der
31, 20x2 was P854,102. How much were the accumulated
depreciation of the assets disposed of during 20x2?
a. 689,018
0.
b. 715,998
c. 749,624
d. 802,238
20. The comparative statements of financial position of Andante
Co. show the following
information:
20.0
Buildi
Transcribed Image Text:accumulated depreciation of P971,065. In 20x2, Haze Co. recognized total depreciation of P599,035 and made some Co. show the following information: 19. Haze Co.'s Dec. 31, 20x1 'financial statements reported total d. 6,800,000 accumulated depreciation of P971,065. In 20x2, Haze C recognized tótal depreciation of P599,035 and made som disposals of PPE. The total accumulated depreciation on Der 31, 20x2 was P854,102. How much were the accumulated depreciation of the assets disposed of during 20x2? a. 689,018 0. b. 715,998 c. 749,624 d. 802,238 20. The comparative statements of financial position of Andante Co. show the following information: 20.0 Buildi
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