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Question - On January 1, 2019, Florante and Laura Publishing House purchasing three heavy duty printing machines to be used for the business. Each machine cost Php 50,000 they paid in cash. After a year ended the value of the machine depreciates. The salvage valune of the machine is said to Php 10,000 and has a life expectancy of 5 years. Prepare the initial entry, and compute for the annual depreciation and prepare its entry.
firm a is the dominant firm in a market where industry demand is given by qd 48-4p. there are four follower firms each
The balance sheet for Ronlad Corporation reported 185,000 shares outstanding, 283,000 shares authorized, How many shares have been issued
Calculate Dollar General gross profit percentage (expressed as a percentage with one decimal place). What does this imply about the amount of gross profit made from each dollar of sales? Is this an improvement from the gross profit percentage of 31...
How is a change in accounting principle distinguished from a "change in accounting estimate affected by a change in accounting principle?"
What do you think are the different choices companies have in changing their accounting software to a more sophisticated AIS or ERP?
roberts inc. has gross margin equal to 20000. during the year roberts inc. purchased 6000 worth of raw material
The present value of $295000 at 12% for three years is $209981. What amount of interest income should Ms. Price recognize in 2017
Newark Company has provided the following information: Cash sales, $510,000.
What is meant by an entity's financial position and performance? Discuss the importance of information on an entity's financial position and performance
After the payment of annual premium of $100,000 on January 1, 2021. What amount should Mari Corporation recognize as gain on insurance settlement?
What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?
Jim owns a lawn care service. He would like to obtain a new heavy duty trailer to haul his equipment and materials. What is the Book Value at the end of year 5?
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