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Compute what is the depreciation charge

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Problem 1: Marian Company purchased an asset with a useful life of 10 years on January 1, 2013 for P6,500,000. On December 31, 2013, the amount the entity would receive from the disposal of the asset if it was already of the age and in the condition expected at the end of its useful life was estimated at P700,000. Inclusive of inflation, the actual amount expected to be received on disposal was estimated at P900,000. What is the depreciation charge for 2013?

Reference no: EM132744513

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