User Account

All Pages

What is the carrying value of the computer software

Assignment Help Financial Accounting
Reference no: EM132780718

Question - DIG Inc. has developed computer software on January 1, 2020. It has a useful life of 5 years. The capitalizable cost of computer software is P2,000,000. The total sales of computer software for the five-year period is estimated at P20,000,000. In 2020, the total sales amounted to P5,000,000. What is the carrying value of the computer software on December 31, 2020?

Reference no: EM132780718

Questions Cloud

What are reasons for the recent popularity of data mining : What are the main reasons for the recent popularity of data mining? Discuss what an organization should consider before making a decision to purchase data.
Record issuance of the bonds on december : Record issuance of the bonds on December 31, 2020, the payment of interest and amortization on June 30, 2021, and on December 31, 2021
Elements of the country transportation and energy : The term critical infrastructure refers to key elements of the country's transportation, energy, communications, and banking systems.
Which partnership profit or loss must be divided : Which partnership's profit or loss must be divided between partners based on? The time devoted to the partnership by each partner.
What is the carrying value of the computer software : In 2020, the total sales amounted to P5,000,000. What is the carrying value of the computer software on December 31, 2020
How cultural perspective could impact the security decisions : How cultural perspective could impact the security decisions of an administrator setting up SharePoint® Server 2013 citing choices that were made in the labs.
How the withdrawal of the partner would be recorded : Partnership and takes out of the partnership cash in excess of her capital account balance, the withdrawal of the partner would be recorded
Discuss the important factors that need to be considered : Discuss the important factors that need to be considered by the management of Kopi & Kek in its pricing decision
What is the company roe : A company has $1,000,000 of debt and $3,000,000 of assets. The company's cost of debt is 4% and EBIT is $200,000. Assume there are no taxes.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the estimated OCF for this project

You require a 13% return and face a marginal tax rate of 35% on this project. What is the estimated OCF for this project

  Compute the marginal and average and effective tax rates

Compute the marginal, average and effective tax rates. Charles is a single taxpayer has the income and deductions for the current tax year.

  Which activity is part of the operating cycle

Which activity is part of the operating cycle? Public corporations are businesses:

  Nominal interest rate as return on your investment

A 30- year bond has a face value of $5,000.00 and it pays dividend every 2 months at a nominal interest rate of 12%. You purchased the bond for $4, 800.00 at a given time. After 3 years you decided to sell it. What is your selling price if you earned..

  What is the predetermined overhead rate

Logan’s actual manufacturing overhead for the year was $741,189 and its actual total direct labor was 35,500 hours. What is the predetermined overhead rate?

  Find income statement compared with industry average

For the analysis of financial position, compute McDonough Products' (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products' financial position better or worse than the average for the industry?

  Record all necessary entry on december

Record all necessary entry on December 1, 2018, assuming DCI settles the call option for cash without taking delivery of the iLynes shares

  Calculate the unit cost of each stereo unit

Calculate a predetermined plantwide overhead rate based on direct labor hours.- Calculate the unit cost of each stereo unit.

  How cash flow from operations worked out

How Cash flow from operations worked out under direct method and indirect method? Will be different (direct method cash flow will be higher than indirect method

  Find what is the value of a share of stock of fast wheels

Expected to continue growing at that rate. What is the value of a share of stock of Fast Wheels to an investor who requires a 14 percent rate of return?

  Determine the selling price per yogurt

Using the goal seek tool determine the selling price per yogurt that would allow Frankie's frozen yogurt to break even in terms of net income?

  Suppose that the change in stock price is described

Suppose that the change in stock price is described by an It process such that The stock pays no dividend and has a volatility of 60% per annum and a continuously compounded return of 21%. Can you forecast the stock price in 10 days? Assume that the ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd