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Question - On January 1, 2020, Erylle Company purchased an equipment for P1,970,000. On this date, the equipment has an estimated economic useful life of 12 years and estimated residual value of P98,000. It is the company's policy to depreciate this type of equipment using a sum-of-years digit. On January 1, 2024, Erylle Company made a review of the estimated life and salvage value of the equipment and the review revealed that the asset has a revised total life of 14 years and a residual value of P 100,000. The company also changed the method of depreciation to straight-line. What is the carrying value of the asset on December 31, 2025?
on march 3rd blowout sales sells makes 3450.00 in cash sales of general merchandise which have cost of 1215.00. blowout
How will the elimination of tax preferences affect resource allocation and prices in markets? How could the reform, if it really simplified the complexity
ACCT300: Auditing and Assurance Services Assignment. What was the purpose of the audit, and was it achieved? Discuss
francisco company has 10 employees each of whom earns 2900 per month and is paid on the last day of each month. all 10
Imagine that you are a senior business manager for a U.S.-based multinational company. You have been informed by your supervisor that your Company needs to consider expanding into a new international market to seek new opportunities.
1. why are ratios used to analyze the financial statements of organizations?2. when common size ratios are
Redfield Company reports current earnings of $420,000 while declaring $52,000 in cash dividends. Snedeker Company earns $147,000 in net income and declaring.
on june 30 2013 georgia-atlantic inc. leased a warehouse facility from ic leasing corporation. the lease agreement
The McQuenny Company's ending inventory is composed. What value should be assigned to the company's ending inventory assuming that it applies the LCM method?
Colson issued $2,000,000 of 8% convertible bonds at face value during 2017. Compute diluted earnings per share for 2018
Holmes, Inc. obtained significant influence over Nadal Corporation by buying 25% of Nadal's 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2010. On June 15, Nadal declared and paid a cash dividend of $36,00..
A trial judge in Nevada is wondering whether to enforce a surrogate motherhood contract. Penelope Barr, of Reno, Nevada, has contracted with Reuben and Tina Goldberg to bear the in vitro fertilized egg of Mrs. Goldberg.
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