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How much is the depreciation expense on store equipment

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Reference no: EM132625898

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

Store Equipment - Cost (2019) P145,000 (2020) P175,000

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.

Required - How much is the Depreciation Expense on store equipment for 2020?

Reference no: EM132625898

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