Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 2, 2021, habibiyuck bought an equipment c

On March 2, 2021, HABIBIYUCK bought an equipment costing P1,200,000. It is the Company's policy...

70.2K

Verified Solution

Question

Accounting

On March 2, 2021, HABIBIYUCK bought an equipment costing P1,200,000. It is the Company's policy to depreciate long-lived assets using the double declining balance. The equipment had a useful life of 10 years. How much is the carrying value of the above asset at December 31, 2023?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

genes what is the average length of an E coli gene 3 DNA strands are...

Physics
1.2K views

on a body moving along X axis 48 The force acting varies with the position...

Physics
1.2K views

A roller coaster car is starting from rest from a height of 54 m as...

Geometry
1.2K views

Y 4 C Figure ABCD is a parallelogram Points X and Y are placed so...

Basic Math
1.2K views

The function g is defined as follows.g(x)=x-6If the graph of g is translated vertically upward...

Accounting
1.2K views

Para encontrar la informacin ms completa sobre el desempeo de una empresa durante el ao,...

Accounting
1.2K views

Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on...

Accounting
1.2K views

The purpose of reporting current maturities of long-term debt is to: a. report any portion...

Accounting
1.2K views

Under accrual basis accounting, an expense is recorded only when cash is paid true or...

Accounting
1.2K views

Research a current company's financial statement that the SEC has present or past investigations on...

Accounting
1.2K views

Total Assets 2018 $95,859 Total Assets 2017 $14,972 Total Liabilities 2018 $13,829 Total Liabilities 2017...

Accounting
1.2K views

The Pink Flamingo Company keeps no Work in Process Inventories. At the beginning of 2020,...