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How much is the depreciation expense on store equipment

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Reference no: EM132625244

The following data relate to store equipment of Progress Company for 2020:

                                                                  2019                         2020

Store Equipment - Cost                   (2019)P 145,000       (2020)P 175,000

Accumulated Depreciation               (2019)58,000                   (2020)60,000

Store equipment costing P 30,000 was sold for P 21,000 resulting in a gain of P 3,000.

Problem 1: How much is the Depreciation Expense on store equipment for 2020?

Reference no: EM132625244

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