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Question - 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?
How much is the adjusted balance of the allowance for doubtful accounts as of December 31, 2018? How much is the doubtful accounts for the year 2018?
crane mechanics acquired 75 percent of downey enterprises on march 31 2005 for 3645000.downeys book value at that date
A check is written on April 3rd and voided on May 18th. April is now a closed accounting period. How is this void reflected on the May bank reconcilement and corrected in the general ledger? Should it be included with the May deposits and/or included..
Treasury bonds have an expected return of 9 percent and a standard deviation of 11 percent. Given this data, which of the following statements is correct?
Prepare the journal entries required to record the revaluation adjustment for the year ended 30 June 2019; 30 June 2020 and 30 June 2021
B&M's weighted average cost of capital (WACC) is 11%. Answer the following questions: What is the market multiple method of valuation
If the entity issued only ordinary shares, and it has a net income of P2,500,000, what is the basic loss per share
Provide a summary commentary regarding the inventory accounting method, the depreciation method(s), and the overall composition of total assets.
Find the unknowns in Big Chucks abbreviated cash budget and determine the outstanding loan balance as of September 30, after any repayments have been made.
If the assets are perfectly hedged throughout the year, what will earnings after taxes be? (Enter answers in whole dollar, not in million.)
Determine How is company performing? for ex is the company's revenue growing or decreasing? Are the company's margins increasing or decreasing?
On June 1, Williams Book Company sold Best Bookstore $4,300 of books for cash. During the month, Best Bookstore returned books costing $500 to Williams for a cash refund. In the same month, Best sold the remaining books to their customers for a total..
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