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White Corporation spends P87,500 to install a manufacturing machine in its plant factory at the...

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Accounting

White Corporation spends P87,500 to install a manufacturing machine in its plant factory at the start of the year. The machine's usable life is expected to be 5 years, or 400,000 product units, with a salvage value of P7,000. The machine generates 84,500 units of product in its second year. Using the double-declining-balance approach, calculate the second-year depreciation of the machine.

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