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Questions -
Q1. An old cooler with a recorded cost of P150,000 and accumulated depreciation of P140,000 was sold for P4,000. A new cooler with marked price of P200,00 was purchased on February 10, 2021. Freight charge of P3,000 and installation cost of P6,000 were paid. How much is the gain (-loss) from the sale of the old cooler?
Q2. King Company purchased a machine on July 1, 2021 for P600,000. The machine has an estimated useful life of five years and a salvage value of P80,000. The machine is being depreciated from the date of acquisition by the 150% declining balance method. For the year ended December 31, 2021, King should record depreciation expense on this machine of?
Q3. The SYD method of depreciation is being used for a machine with a five-year estimated useful life. What would be the fraction applied to the depreciable cost to be depreciated in the fourth year?
1st of each month and her employer matches her contributions at the end of each month, how much will she have when she is 60 years old?
Suppose that it is February 20 and a treasurer.The September Eurodollar futures price is quoted as 92.00. How should the treasurer hedge the company's exposure?
Imagine that a coworker wants to circumvent an internal control to steal money from your company. Speculate on two (2) internal controls that your coworker might attempt to circumvent in order to steal the money. Recommend two (2) actions that the co..
Question - Need assistance making an Income Statement and Balance Sheet for ABC Co. based on the following items: Revenue $100,000,000
Assume that i1 = 11% and i2 = 12%, and that k1 = 14.50% and k2 = 16.50%. What is the expected probability of repayment on the one-year corporate bonds
Lorie Ann and Bernadette conform to their profit and loss ratio after the admission of Rose, how much from the P30,000 paid will be received by Lorie Ann?
What is the amount of annual depreciation to be recorded? Back road company purchased a plot of land for$100,000 on January 1.
Research the major risks for businesses that indulge in commercial applications of social networking. Also, review the readings on page 311 of your textbook about how organizations can respond to social networking problems. identify a major problem f..
Explain the key requirements of the Privacy Act with regard to personal Information (PI). Explain key requirements of relevant legislation
What was the amount of revenue David should recognize for year-end December 31, 2019 on the Bentley contract? David is in the business of sharpening skates
Construct a budget sheet that helps in analyzing financial status, set goals, make changes, whatever the case may be. Provide the suitable example.
Compare the two as to: The proportion of resources directed to fund-raising and The proportion of resources directed to program activities
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