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Problem 1: On January 1, 2014, SELF Inc. purchased a building for P33,000,000 with salvage value of P3,000,000 and useful life of 20 years. SELF Inc. depreciates its building using straight-line method. On January 1, 2016, SELF reviewed the depreciation of the building and changed from straight-line to Sum of the years unit method. It also determined that the useful life of the building should only be 12 years from the date of acquisition with no residual value. What is the book value of the building on December 31, 2016?
If tickets to a movie cost$7.25 for adults and $5.50 for students. A group of friends purchased 8 tickets for $52.75. What would be an equation to represent this equation? How many adult tickets and student tickets were purchased?
Compute the forward interest rates, graph the yield curve and explain the factors that account for the shape of the curve.
accents associates sells only single product with a current s.p. of 90 per unit. variable costs are 40 of this selling
Andrew industries purchased $165,000 of raw materials on account during the month of March. The beginning raw materials inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and 13,000 ..
If the cost of goods sold is 345,000 and the ending inventory is bigger than the beginning inventory by 15,000, how much is the purchases during the year
How large must Khaadi's equal, annual, end-of-year deposits into account be over the 12-year accumulation period to fully fund Ms. Wajeeha retirement annuity.
During 2012, half of the treasury stock was resold for $270,000; net income was $550,000; Illustrate what was shareholders equity as of Dec 31, 2011?
Calculate each year's (2014 & 2015) gross profit percentage. (Round your answers to 1 decimal place.) Determine whether the change in gross profit represents
What is the contribution margin per composite (bundled) unit? How many composite units must be sold in order to break even? At the break-even point, how many units of product A are sold?
The following 6 employees are paid biweekly. Calculate the net pay from the info provided below for the Nov. 15 pay date. Assume that all wages are subject to SS and Medicare taxes. Use the wage-bracket method of determining Federal Income Tax. All 4..
Journalize all necessary entries for ABC Co. and PQ Co. for 2020. ABC Co. bought equipment to lease for $50,000 on 1/1/20. Incurred $5,000 of expenses
Ashton Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Calculate return on investment. (R..
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