Part VI. Depreciation Expense On January 1, 2021, wWH Computer Shop purchased 5 units of computers at a cost of P35,000 each. Each computer was estimated to have P2,000 salvage value after their 4-year useful life. What is the journal entry to record the depreciation of the computers on December 31, 2021? Date Particulars PR Debit Credit

Part VI. Depreciation Expense On January 1, 2021, wWH Computer Shop purchased 5 units of computers at a cost of P35,000 each. Each computer was estimated to have P2,000 salvage value after their 4-year useful life. What is the journal entry to record the depreciation of the computers on December 31, 2021? Date Particulars PR Debit Credit

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter10: Long-lived Tangible And Intangible Assets

Section: Chapter Questions

Problem 29P

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