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How should these expenses be reflected

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Question - In January 2019, Victor, Inc. paid property taxes on its factory building for the calendar year 2019 in the amount of P240,000. In the first week of April 2019, Victor made unanticipated major repairs to the plant equipment at a cost of P600,000. These repairs will benefit operations for the remainder of the calendar year. How should these expenses be reflected in Victor's quarterly interim financial reports?

a. First quarter is how much?

b. Second quarter is how much?

c. Third quarter is how much?

d. Fourth quarter is how much?

Reference no: EM132806887

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