User Account

All Pages

Determine the book value at the end of twelve years

Assignment Help Financial Accounting
Reference no: EM133001486

Problem 1: An Industrial plant bought a generator set for P20,000, Other expenses including installation amounted to P10,000. The generator is to have 17 years with a Salvage valuc at the end of life of P5,000. Determine the book value at the end of 12 years by the following method;

1.a. Declining balance method

a. P10,118

b. P12 068

c. P14,393

d. P8,483

1.b. Sinking fund method at 12%

a. P45,529

b. P59 860

c. P53,100

d P65,896

 

Reference no: EM133001486

Questions Cloud

What is likely to be the best way for david : Based on the information above, what is likely to be the best way for David to save the additional $15,000 he needs for his house deposit
How much is the gain on sale of bonds : How much is the gain (loss) on sale of bonds? On January 1, 2020, the BTS Company purchased P800,000 of 6% bonds for P883,874. The bonds are dated January
What is the net asset amount : What is the net asset amount (which includes both investments and any related valuation adjustments) attributable to the investment in Chen
How to best determine a stock valuation : Response: Within the Discussion Board area, write 300-500 words that respond to the following questions with your thoughts, ideas, and comments. This will be th
Determine the book value at the end of twelve years : An Industrial plant bought a generator set for P20,000, Determine the book value at the end of 12 years by the Declining balance method
Determine the risk premium on netflix common stock : Netflix common stock has a beta, b, of 0.8. The risk-free rate is 3%, and the market return is 10%. Determine the risk premium on Netflix common stock
Evaluation and strategy recommendations paper : Culmination of this project will be a data analysis, evaluation, and strategy recommendations paper. Your goals for this term-long project
How much is the amount reported in other comprehensive incom : BTS Co. purchased P500,000 of 9%, 4-year bonds from TWICE, Inc. How much is the amount reported in other comprehensive income in 2021?
Information provided by joe black : The Credit Officer at Real Bank has awarded a score to Joe Black based on information provided for each category considered for risk assessment relating to his

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd