Solution-For what amount will lacson capital be credited

For what amount will lacson capital be credited

Reference no: EM132609165

Question - Lacson and Solis started a partnership. Lacson contributed a building that she purchased 10 years ago for P100,000. The accumulated depreciation on the building on the date of formation of the partnership is P25,000 and the fair value is P110,000.

For what amount will lacson's capital be credited on the books of the partnership?

a. 100,000

b. 75,000

c. 110,000

d. 25,000

Reference no: EM132609165

Questions Cloud

What corporate strategies the applied by xiaomi : What Corporate strategies the applied by Xiaomi?

Explain cookies and why the given matter in web analytics : Explain cookies and why these matter in web analytics. Do your best to locate resources that are no more than three (3) years old. Please do not use wikipedia.

Discuss the structure and design in support of amazon : Discuss the structure and design in support of Amazon.com and the organization's values and strategy

Why intellectual property could be relevant : Please explain why intellectual property could be relevant to a future business owner.

For what amount will lacson capital be credited : Lacson contributed a building that she purchased 10 years ago for P100,000. For what amount will lacson's capital be credited on the books

What makes something open source versus copyrighted : What makes something open source versus copyrighted, and how can you tell the difference?

Prepare the journal entries to record financial instrument : Prepare the journal entries to record the financial instrument for the years ending 31 December 2018, 31 December 2019 and 31 December 2020.

Theory of the relationship between thinking-feeling : How do you understand the theory of the relationship between thinking, feeling, and wanting? How does this theory relate to your

Develop a test plan : Develop a Test Plan and make some recommendations for use in digital Forensic Investigation - conduct digital Forensic Investigation on devices or networks

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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

User Account

All Pages

For what amount will lacson capital be credited

Reference no: EM132609165

Reference no: EM132609165

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT