Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The management of Red Corporation, on Jan. 1, 2021, assessed that a revision to the estimate involved with the depreciation of plant facilities was needed. The facilities, which were acquired for P7,500,000 on Jan. 1, 2019, had been depreciated using the straight-line approach, with an estimated P500,000 residual value and a 15-year useful life.
Problem 1: Based on current appraisal reports, the management assessed that the facilities' anticipated remaining usable life is only 10 years, and the estimated residual value should be raised by P200,000. For 2021, how much depreciation expense should be recognized?
a) P536,667
b) P633,333
c) P293,333
d) P586,667
Prepare the Post Closing Trial Balance. Complete the Ratio Analysis - Use Post Closing TB Last Year for beginning numbers. Record the closing entries in the general journal.
Explain a minimum of four controls and/or concepts that will help a company ensure that its petty cash accounts are appropriately used and safeguarded?
Calculate the cash pro- ceeds from the bond issuance. Besides, if the market price of the bond is $800, would you consider to purchase the bond? Explain.
Calculate the deferred tax liability at July 15, 2020 after taking into account the change in tax rates and prepare the related journal entry at that date
Payments were paid in cash and the machine payment was paid on a long-term account. Which is the correct recording regarding the financial event?
Compute the profit misstatement for each month, and indicate whether it would be overstated (O/S), or understated (U/S).
When she withdrew it, she had $3,563,03. Interest was compounded continuously, What was the interest rate on the account
Accounting Financial ACC701 - Discuss the ethics and governance in explaining the companys financial stress
A $10,000,000 contract is executed to build a warehouse. Total estimated costs to complete the project. Compute revenues and expenses
Determine the Amount of revenue to be recorded for the year by Bunny is. Each houses costs P4,000,000 each (a total of 10 houses are to be constructed)
Why do you think President Johnson has been alone in declaring a war on poverty and making this a legislative priority
After reading Chapter 7 on Demand Forecasting in a Supply Chain and reviewing the case study, Sony Marketing (Japan) Inc., discuss your views on the role that demand forecasting plays in Sony's supply chain strategy. Tell us the factors that make a d..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd