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Question 1: An engineer bought an equipment for Php 500,000. He spent an additional amount of Php 30,000 for installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is x% of the first cost. Using the straight line method of depreciation, the book value at the end of 5 years will be Php 291,500. What is the value of x?
What is the financial advantage of accepting the special order from the wedding party? Should the company accept the special order?
Find out how deferred taxes would be reported using IFRS at the time of your research. Explain why that approach might differ from the way British Airways reported deferred taxes at March 31, 2009.
How Shareholders perceive the debt ratio and Creditors perceive the debt ratio considering that they have different perspectives and expectations
Make the necessary postings from the Sales Day Book to the personal and nominal accounts in the ledger.- Prepare a trial balance as at 31 March 2016.
1.In its first year of operations, Roma Co. earned $45,000 in revenues and received $37,000 cash from these customers.
Describe and compare the empirical performance of the borrowing ratio in assessing the effects of financial constraints on firms' employment decisions
Cadavieco Detailing's cost formula for its materials and supplies is $2,030 per month plus $8 per vehicle. For the month of November, the company planned for activity of 98 vehicles, but the actual level of activity was 58 vehicles. The actual materi..
Heritage Gardens provides complete garden design and landscaping services. The company uses a job-order costing system to track the costs of its landscaping projects. Compute the amount of overhead cost that would have been applied to each project du..
How many units are in process at May 31 and what is the unit materials cost for May - what is the unit conversion cost for May
Parent Company acquires 80% of the outstanding stock of Subsidiary Company on the open market. They acquired the 8,000 shares by exchanging 2 shares of Parent for each share of Sub. What is the balance in the Investment in Sub balance at the end of t..
What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? What is the present value of $7,000 due 8 periods hence, discounted at 11%?
Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $65,000, Accounts receivable $45,000, Revenues $101,000, and Salary expense $60,000. How much is retained earnings to be rep..
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