Transcribed Image Text: On September 1, 2019, NATSU DRAGNEEL Company paid P2, 000, 000 for the purchase price of the equipment acquired. NATSU DRAGNEEL also paid P20, 000 for nonrefundable

Transcribed Image Text: On September 1, 2019, NATSU
DRAGNEEL Company paid P2, 000,
000 for the purchase price of the
equipment acquired. NATSU
DRAGNEEL also paid P20, 000 for
nonrefundable sales taxes and P130,
000 for installation cost. The
equipments estimated useful life is
10 years and residual value of P300,
000. On January 1, 2023, NATSU
DRAGNEEL revised the total useful
life of the asset to 15 years from
acquisition date and residual value to
P150, 000. Compute:
Using the half-year convention &
double-declining balance method
what is the depreciation expense for
2021?

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