On October 01, 2021, a national government agency purchased and delivered 30 units of Communication Equipment from a dealer at a price of P360,000 to replace unserviceable units. The equipment was available for use on November 14, 2021. The equipment has a useful life of 8 years. How much is the depreciation expense for the FY 2021?

On October 01, 2021, a national government agency purchased and delivered 30 units of Communication Equipment from a dealer at a price of P360,000 to replace unserviceable units. The equipment was available for use on November 14, 2021. The equipment has a useful life of 8 years. How much is the depreciation expense for the FY 2021?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 64P

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