Using the horizontal analysis of statement of financial position, PPE at the end of 2017 and 2018 are ₱12.35 million and ₱11.95 million, respectively. What is its percent of change?   -3.35%   3.35%   -3.24%   3.24%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.2.1MBA
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  1. Using the horizontal analysis of statement of financial position, PPE at the end of 2017 and 2018 are ₱12.35 million and ₱11.95 million, respectively. What is its percent of change?

     
    1. -3.35%

       
    2. 3.35%

       
    3. -3.24%

       
    4. 3.24%

       
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