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Question - A machinery acquired in January 1, 2017 for P8,000,000 having a useful life of 12 years. On December 31, 2020, one major part of the machine broke down and required replacement. The company does not have a reliable estimate of the original cost of this particular part but was replaced on the same date for a new part with a cash price of P1,200,000. Effective market rate applicable is 10%. Determine the loss to be recorded on the replacement.
Analyze the transactions by preparing accounting equation for Sintokish Enterprise. Borrowed RM80,000 from the bank by signing a notes payable.
What is the expected return of the industry's equity without leverage? What is the expected return of the industry's equity with leverage?
Prepare year-end adjusting entry to record bad debts expense under assumption that Allowance for Doubtful Accounts has a $478 debit balance before adjustment
During the year of 2019, Adventure Manufacturing Ltd. Make Adventure Manufacturing Ltd.'s journal entry for sales, cash collection and bad debt expense.
At the time of issuance, the market interest rate for similar types of bonds was 8%. What is the expected selling price of the bonds?
Reflect on the assumptions behind and criticize under which circumstances it might be hard to rely on free cash flows to assess potential investments.
Examine the main reasons why manufacturing companies are more sensitive to material price variances, as compared to labor variances
Evaluate the financial statements and the financial position of health care institutions - Describe the overall planning process and the key components of the financial plan.
Suppose a firm faces a current tax rate of 35% but expects this rate to fall to 20% in the future. Employees on average face a current marginal tax rate of 31% but expect this rate to fall to 20% when they retire in 15 years. Which among salary, pens..
Determine the compensation expense related to the options to be recorded each year 2021-2024, assuming Pastner allocates the compensation cost
Record the transactions via journal entries for the month of April for Swing-Town Golf. Create T accounts for Sales and Sales Returns and Allowances
What amount of revenue should Tractor Co. record at the date of sale? What guidance should Tractor Co. apply to the subsequent measurement
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