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Question - Captive Company purchased a factory equipment on October 1, 2020 costing P960,000. In view of pending technological developments it is estimated that the machine will have a resale value upon disposal in four and one half years of P70,000 and the disposal cost will be P10,000. What is the depreciation for 2021 using sum of years' digits?
Prepare the journal entry to record 2012 depreciation and show how the truck would be reported in the December 31, 2012, balance sheet.
Think about the different types of financial statements you learned about in this unit (the income statement, statement of retained earnings, balance sheets.
The Green Goddess Company is considering the purchase of a new machine. If the cost of capital is 10 percent, what is the NPV? What is the IRR?
a man needed money to buy lawn equipment. he borrowed 800.00 for five months and paid 53.95 in interest. what was the
The accrual-basis of accounting, which requires companies to report expenses that were incurred even though the expenses were not yet paid
Determine the total estimated uncollectibles. Prepare the adjusting entry at March 31 to record bad debts expense
the anz bank share code anz.ax expects to pay a dividend of 0.91 ltbrgttoday and dividends are expected to grow at 6
Anne sold her home for 290,000 in 2010. Selling expenses were $17,400. She had purchased it in 2003 for $290,000. During the period of ownership. Anne had done the following:
The Illinois company manufacturers a product that goes through three processing departments.
during the past year a company had total fixed costs of 700000. its product sold for 93 per unit. variable costs during
hat is the loan's balance after the first payment? What is the amount of interest expense to be recorded on the company's income statement for the year 2018?
If fixed costs increase, what would be the impact on the (a) contribution margin? (b) income from operations
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