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Question - Graoelle Company acquired equipment for P4,200,000 in 2017. The policy is straight line depreciation, full depreciation in the year of acquisition and no depreciation in the year of disposal. The useful life is five years with residual value of P200,000. On July 1, 2020, the equipment was sold for P2,500,000. What is the gain on disposal in 2020?
Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. Journalize and post the July transactions. Use page J1 for the journal
LittleLasik will cost $8,960,000 to manufacture, and the company wants an ROI of 20%. Determine the target cost for one LittleLasik
Question 1: What is the amount of net income that OOPS expects to generate this year? Question 2: If its target capital structure calls for 50 percent common equity, what will be the total funds the company can invest in capital budgeting projects..
Assuming that a prevailing interest rate of 6% applies to this contract, how much should Ayayai record as the cost of the machine
At the end of December the management accountant has in front of him the company's budgeted profit and loss account figures for each of the months.
When computing the cost per unit amounts for the break-even formula, Compute the break-even number of barrels for the current year
Susan earns $60,500 per year and her Husband does not work. What should Susan claim as her withholding allowance
If company is planning to achieve a profit of 25% on selling price, calculate the selling price per unit. Assume that there are no opening and closing inventory
griffith delivery service purchased a delivery truck for 33600. the truck has an estimated useful life of six years and
For 20X6, Wells reported sales of $183,100,000 and for 20X7, sales of $215,600,000. At the end of 20X6, Wells' total assets were $75,900,000 and common equity was $37,800,000. At the end of 20X7, total assets were $95,300,000. Calculate Wells' cur..
What was the cost of goods sold for the month? Beginning finished goods inventory: KD 74,000. Ending finished goods inventory: KD 50,000
The Cash account in the ledger of Pateros Company had a balance of 844,800 at December 31, 2010. Find the cash balance to be shown on the statement
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