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Question 30 Marked out of 1.00 Optimistic Company purchased a machinery on January 1, 201...

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Question 30 Marked out of 1.00 Optimistic Company purchased a machinery on January 1, 201 for P7,200,000. The machinery had useful life of ten years and was depreciated using the straight line method. In 204, a decision was made to change the depreciation method from straight line to sum-of-years-digits. What is the carrying amount of the machinery as of December 31,203 ? Answer: Answer Question 31 Not yet answered Marked out of 1.00 On April 1, 20x1, Sloppy Company purchased new machinery for P3,000,000. The machinery has an estimated useful life of five years and depreciation is computed by the sum of year's digits method. What is the carrying amount of the machinery on December 31, 20x2

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