How much is the yearly depreciation using the straight line methodA 950,400B 936,000C 860,400D 846,000Using the sum years of digits method, how much is the depreciation for the first year?A 1,560.000B 1,584.000C 1,410.000D 1,434.000 Zamboanga Company purchased on account a machine with an invoice priceof P5,000,000 subject to a cash discount of 10% which was nottaken. Zamboanga incurred P50,000 freight and insurance during theshipment and P150,000 installation cost. Supplies for the machine wereacquired at a cost of P80,000. It was estimated that the residual value of themachine is 10% of its total cost, while its estimated useful life is 5 years.

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Description: How much is the yearly depreciation using the straight line methodA 950,400B 936,000C 860,400D 846,000Using the sum years of digits method, how much is the depreciation for the first year?A 1,560.000B 1,584.000C 1,410.000D 1,434.000 Zamboanga Company

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How much is the yearly depreciation using the straight line method A 950,400 B 936,000 C 860,400 D 846,000 Using the sum years of digits method, how much is the depreciation for the first year? A 1,560.000 B 1,584.000 C 1,410.000 D 1,434.000

How much is the yearly depreciation using the straight line method A 950,400 B 936,000 C 860,400 D 846,000 Using the sum years of digits method, how much is the depreciation for the first year? A 1,560.000 B 1,584.000 C 1,410.000 D 1,434.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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