Compute the accumulated depreciation to be reported, Financial Accounting

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Compute the accumulated depreciation to be reported

Problem

Garci Company acquired an equipment costing P39,900 on Jan. 01, 2019 having an estimated life of four years and with a residual value of P3,900. Compute the accumulated depreciation to be reported on the Dec. 31, 2020 Statement of Financial Position?

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Financial Accounting: Compute the accumulated depreciation to be reported

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