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On January 1, 2016, NCT Corporation bought a factory equipment for P924,000 salvage value was estimated at P24,000. The asset will be depreciated over 10 years using the double declining balance method. Problem 1: How much is the total accumulated depreciation to be reported in the balance sheet on December 31, 2021?
Brief Exercise 107 Pole Co. at the end of 2015, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $480,000 Extra depreciation taken for tax purposes (1,056,0..
A company financed the purchase of a machine with a loan at 2.75% compounded semi-annually. What was the total amount of interest charged on the loan
How much is Sam's substituted basis in the Nantucket land? Joe Jackson, a real estate developer, would like to exchange his plot of land in Nantucket
What would all journal entries be for 2020 and 2021. In February 2020, Maskoka Corp. purchased a golf course in southern ON for $7.5 million cash.
Prepare a statement of shareholder's equity in proper format for the year ended December 31, 2019. Bole Ltd. reported the following balances at January 1, 2019
The goods, billed to the customer FOB shipping point on December 31, 20x1, had a cost of P20,000. Compute the amount as of December of Inventory
After 7 months, you decide to withdraw PHP 3,300. your interest penalty is 7 months simple interest on the 3,300. what interest penalty do you pay?
The real estate is subject to a $1,700,000 mortgage and Nathan made taxable gifts in 2005 totaling $2 million at which time he claimed the maximum unified credit of $345,800 and paid gift tax of $435,000. Illustrate what is the amount of his estat..
What role will a Non-Profit CEO have in a strategic combination (merger, alliance, partnership, or acquisition) that was successful?
What need to do to accomplish your short and long-term goals. Identify and explain how you plan to manage your time throughout the session to complete
Breakeven point and all forms of leverage..... question e. Use the degree of total leverage (DTL) concept to determine the effect (in percentage terms) on a 50% increase inTOR's sales feom the $750,000 base level on its earnings per share.
Define finance, Discus major areas of finance, financial decisions, and explain how knowledge of finance in general and financial management, in particular
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