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How much is the estimated sales value of equipment on dec

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Problem 1: Anmary Biscuit's Company owns a factory equipment which was originally purchased January 1,2012 for P175,000. The company's adjusted trial balance shows accumulated depreciation of P75,000 for the said equipment . It is determined, however,that the equipment will only be used up to December 31,2019,by which time, it can be sold to a secondhand equipment dealer. How much is the estimated sales value of the equipment on December 31,2019?

Reference no: EM132718692

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