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!
Question - On January 1, 2022, Bergify Corp. signed a five-year non-cancelable lease for machine with BTS Company. The terms of the lease called for Bergify to make annual payments of P86,680 at the beginning of each year starting January 1, 2022. The machine has an estimated useful life of six years and a P50,000 unguaranteed residual value at the end of the five-year lease term. The machine reverts to the lessor at the end of five-year lease term. Bergify uses straight-line method of depreciation for all of its fixed assets. The implicit rate of the contract which is known by Bergify is 10%. The fair value of the machine on January 1, 2022 is P392,490. Bergify incurred P10,000 to install the machine. Bergify has an obligation to restore the machine to a condition suitable for use at the end of the lease term. Estimated cost of restoration is P20,000. (Round off the PV factor to four decimal places, then do not round off during the computation) How much is the current portion of the liability to be presented on December 31, 2022?
Determine the contribution margin in dollars, per unit, and as a ratio
Rooter's Cleaning Services provided data concerning the costs, How much are estimated monthly variable costs using the high-low method?
A financial analyst tells you that investing in stocks will allow you to triple your money in 15 years. What annual rate of return is the analyst assuming you can earn?
Lucia is a 69-year-old single individual who receives a taxable pension of $10,000 per year and Social Security benefits of $7,000. Lucia is considering the possibility of selling stock she has owned for years and using the funds to purchase a ..
The beginning inventory for 2013 is 200,000 units. The budgeted inventory at the end of a month is 25 percent of units to be sold the following month. Purchase price per unit is $7 per unit.
harris cpa has accepted an engagement to audit the financial statements of grant manufacturing co. a new client. grant
During 2010, Palmiero determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at Dece..
Castle Company provides estimates for its uncollectible accounts. Determine bad debt expense for 2021 according to the allowance method.
Diego Toh would like to claim the full amount of $70,000. Discuss the LEGAL PRINCIPLES concerning the performance of the contract, APPLY the legal principles
data pertaining to the postretirement health care benefit plan of sterling properties include the following for 2013 in
After a business meeting with a prospective client, Holly took the client to dinner and the theatre. What amount of these expenditures can holly deduct
Show statement of financial position presentation on December 31, 2017. On May 1, 2017, Pearl Industries AG issued CHF173,100, 12%, 5-year bonds at face value
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