Yami Company started operation in September 15, 2019, and bought a machinery for P1,800,000 in...
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Yami Company started operation in September 15, 2019, and bought a machinery for P1,800,000 in October 1, 2019, the only PPE acquisition made in that year. The machinery is said to last for 10 years with no residual value. Yami uses the Straight Line method. In the Notes to Financial Statement as of December 31, 2020 particularly in the Lapsing Schedule, accumulated depreciation balance of P250,000 is reflected. Yami is said to have purchased Equipment in year 2020.
How much is the accumulated depreciation as of 12/31/2020 for the machinery?
How much is depreciation expense for the equipment?
How much is total depreciation expense 2020?
How much is depreciation expense 2019?
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