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Problem 1: As of Dec. 31, 2020, BTS Co. had machinery recorded in its books in the total amount of P22,500,000.00 with an accumulated depreciation of P6,250,000.00. BTS adopts the straight line depreciation method to account for the depreciation of its machinery. All of its machinery have a useful life of 10 years. On Apr. 1, 2021, a machine purchased for P575,000 on Apr. 1, 2015, was stolen. BTS recovered P387,500 from its insurance company. How much is the depreciation expense to be recognized for 2021?
Compute the total cost that would be incurred during a month with a production level of 12,000 units and a sales level of 8,000 units
Provide examples from the real worldrecent for successful and unsuccessful mergers and acquisitions cases in years and state the specific reasons
What is the anticipated selling price of the new component if Bakar uses its current pricing policy? What difficulties, if any might company face in marketplace
Highlight the accounting issues raised in the article and how it will affect businesss, regulations and stakeholders - What are the key points in this article
Kramer used the FIFO method to value its inventory and reported cost of goods sold expense for the year of $4,000. Determine the cost of goods sold expense
Prepare an income statement for November using the traditional format with costs organized by function. Why might it be misleading to show the fixed costs on a per unit basis?
Using cost formula, predict the cost of parts inspection for a month in which 2,500 parts are inspected. Identify each of the following: independent variable, dependent variable, variable rate, and fixed cost per month.
Calculate the allocation of profit for 2014 and 2015, assuming profits are divided as Based on the ratio of the partners' original investments.
Calculate what the company's net income would be if Division B were closed down. Write a policy statement related to the allocation of fixed expenses.
Static budgets present budgeted amounts based on fixed assumptions, whereas flexible budgets change base on activity level. A flexible budget is a static budget, restated at different leverls of activity.
Prepare the adjusting entry to record the accrual of interest on December 31, 2021. Flounder Corp. issued $780,000, 9%, 10-year bonds at face value.
What is the probability that a randomly selected monthly cell phone bill is between $62 and $84. Cell phone bills are distributed with a standard deviation
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