Land - Php10,000, Salvage Value - 1,000, Useful Life 9 years. How much is the Depreciable Amount?
Question
Solution 1
The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. It is the amount of the asset that is subject to depreciation.
Here's how to calculate it:
Step 1: Determine the cost of the asset. In this case, the cost of the land is Php10, Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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