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Problem 1: On April 1, 2019, Rosa Company has a machine with a cost of P1,000,000 and accumulated depreciation of P750,000. On April 1, 2019, the entity classified the machine as held for sale and decided to sell the machine within 1 year. On April 1, 2019, the machine had an estimated selling price of P100,000 and a remaining useful life of 2 years. It is estimated that selling cost associated with the disposal of the machine will be P10,000. On December 31, 2019, the estimated selling cost price of the machine has increased to P150,000 with estimated selling cost of P20,000. What amount should be recognized as gain on reversal of impairment on December 31, 2019?
Required: Prepare a Schedule of Cost of Goods Manufactured in the text box below
At Flint Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:
Design view and add the LastName field from the Employees table to the last column of the design grid
You will be required to provide a short narrative response to three separate questions dealing with risk, evidence collection and evaluation during the conduct of an audit.
Wasson sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO inventory method
the cardinal co. produces t-shirts for promotion. the costs of producing and selling a single t-shirt at the companys
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Determine the cost of goods sold amounts to record dor the three months ending September 30, 2011
1. Prepare a depreciation schedule for each deprecation method, showing asset cost, deprecation expense, accumulated depreciation, and asset book value.
All interest payments are made on a semiannual basis. Record all necessary journal entries for 2020 as well as the first interest payment made in 2021
Current system and therefore some gaps in operational performance. Suggest at least three possible solutions to the identified gaps and prioritise for action.
What will be the recurring cost for the 10th production unit? Assume that the production line is continuous and that the learning curve does not change
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