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Turks company purchased an equipment on January 1, 2020 for P5,000,000

Finance

Turks company purchased an equipment on January 1, 2020 for P5,000,000.00. The equipment had an estimated 5 year useful life. The accounting policy for 5 year assets is to use the 200% double declining balance method for the first 2 years of assets and then switch to straight line depreciation. On December 31, 2022 what amount should be reported as accumulated depredation? 
 

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2.94 USD

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