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What is the book value of the equipment

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-The company acquired equipment on April 1, 2009, costing P150,000. The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, what is the book value of the equipment as of December 31, 2009 that should be presented in the Income Statement?

-The company acquired equipment on April 1, 2009, costing P150,000. The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, compute for the depreciation expense that should be presented in the Income Statement for the period ended December 31, 2009?

-Accounts Receivable balance on December 31, 2009 amounted to P1,500,000. Of this amount, P7,500 are estimated to become uncollectible. As of December 31, 2009, the P7,500 should be credited in what account?

Reference no: EM132977850

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