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Question - On January 1, 2018, Eagle Company purchased a machinery at a cost of P 10,000,000 with an estimated useful life of 10 years and residual value of P1,000,000. The straight-line method of depreciation is used by the entity. In early January 2022, it was decided to change the existing depreciation method to sum-of-years digit method. The revised useful life is 5 years. Other factors of depreciation remained unchanged. What is the depreciation expense for the year 2022?
Lorry Co. uses aging of accounts receivable method. It had $5,000 gross accounts receivable.What should be the net accounts receivable after the two write-offs?
A company issued 10% convertible 8-year bonds with a face value of P6,000,000 at 97. Determine the increase in share premium from issuance
In 2020, Zip had earnings before interest and taxes of $6,200 million and had an effective tax rate of 35%. What is the expected FCFF
What should ABC report as the value of its allowance for doubtful accounts on March 31, 2021? ABC Corporation closes its fiscal year with an allowance
How long will it take the investment to accumulate to $750 if the practical method for accumulation is in effect? Be sure to us linear interpolation
What is the projected Cost of Goods Sold for the new year? Due to new competition, the firm anticipates a decline in sales by 10%.
During the currency crisis of September 1992, What percentage had the pound sterling devalued in interim against the Deutsche mark as well against the dollar?
Fashionista Skincare has 10,000 shares of 33?%, $ 20 par value preferred stock and 90,000 shares of $2.00 par common stock outstanding. Compute the total dividends to preferred and to common for each of the three years. journalize the declaration of ..
Assume sales are $150,000; Operating income is $30,000; and average operating assets are $75,000. What is the ROI (Return on Investment)?
Review the Chapter opener. Johnny Cupcakes, launched by entrepreneur John Earle, produces t-shirts in unique styles and limited quantities. Selling prices typically range from $40 per shirt to $70 per shirt. Identify at least two fixed costs that wi..
Explain the rights of a mortgagee and mortgagor when a property is mortgaged under the Torrens title regime
What was Gross Profit for Randy's Spa Supplies in February and What was the Gross Profit rate for Randy's Spa Supplies in February
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