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Question 1 - On January 1, 2022, Kyle Co. purchased an equipment for P15,435,000. The equipment had been depreciated using the straight-line method with residual value of P945,000 and useful life of 18 years. On January 1, 2024, the entity determined that the remaining useful life is 8 years and the residual value is P1,370,000. What is the depreciation for 2024?
Question 2 - On January 1, 2022, Leo Company purchased a machine for P8,500,000 and depreciated it by the straight line using an estimated life of 14 years with P450,000 salvage value. On January 1, 2024, Leo determined that the machine had a remaining useful life of 8 years with no salvage. An accounting change was made in 2024 to reflect these additional data. How much is the depreciation for the year 2022?
Is there any moral difference between applying genetic engineering technologies to humans and applying them to animals and plants? What role should governments play in making policies regarding ethical issues?
Question - Ningen's 19?-year, ?$1,000 par value bonds pay 8 percent interest annually. What should be the value of the Fingen bonds
You have been asked to speak on the topic of the impact of organizational culture on decision making to a group of executives. In a five to seven paragraph speech, discuss the following.
Consider the following simplified financial statements for Yoo Corporation. Create the pro forma statements and reconcile them. What is the plug variable here?
Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2011 ans 2012. kimberly-clark's corporate year end is december 31. Show all..
What are the various internal control procedures with respect to cash receipts and payments? What is internal control and how can it protect a company's assets
Insurance expired for the period of 2018 is $350. Prepare an adjusted trial as of December 31, 2018 in interim financial report
Boat Co.'s net identifiable assets have a fair value of P665,000. Row Co. elected to measure NCI at 'proportionate share'. Compute the goodwill
Carla Vista Inc. had net income for the fiscal year ended June 30, 2020, of $5,800,000. Calculate basic earnings per share for 2020
Applied manufacturing overhead for March to Work in Process based on materials used in each job. Show the journal entries to record these transactions
Are the international differences in the formats of financial statements a major obstacle to comparing the statements?
The following list of accounts and balances for Conestoga Limited are as at September 30, 2014. Prepare a classified balance sheet in proper format
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