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Question: On January 2, 2017, Stacy Company acquired equipment to be used in its manufacturing operations. The equipment has an estimated useful life of 10 years and an estimated residual value of P15,000. The depreciation applicable to this equipment was P63,636 for 2020, computed under the sum-of-the-years'-digits method. What was the acquisition cost of the equipment? 515,000 24. On January 1, 2016, Indians Corporation bought a factory equipment for P924,000 salvage value was estimated at P24,000. The asset will be depreciated over 10 years using the double declining balance method. How much is the total accumulated depreciation to be reported in the balance sheet on December 31, 2021?
Which of Austin's actions described below are business transactions? Explain why any other actions are not considered business transactions.
If the appropriate discount rate is 7.910 percent, what is the cost in today's dollars of the equipment Daniel purchased today
Environmental groups for all electricity you wasted (no choice you have to spend it). If your discount rate is 20%, should you start your own currency?
Redfern Corporation, a calendar year taxpayer, has been an S corporation for several years. Rod and Kurt each own 50% of Redfern’s stock. On July 1 of the current year (assume a non-leap year), Redfern issues additional common stock to Blackfoot Corp..
Which is the journal entry to record the payment made within 10? days? A company that uses the perpetual inventory system purchases inventory for $61,000
Prepare bank reconciliation and journalize the entries. A check for $72 for supplies was recorded as $27 in the ledger. Deposits in transit are $1,020.
VAT-registered, sold on account goods for P112,000. The term was: 2/10, n/30. Payment was made on January 10, 2013. The total amount due is
Which of the following is not true about net operating cash flow?
Included in income for the period was an extraordinary loss from flood damage of $50000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was?
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
What the effective interest rate for each 3?-month period is? You work for? Sam, a financial planner. Sam has tasked you with evaluation the value of a proposal
evaluate the predetermined overhead ratelogan products computes its pre-evaluated overhead rate annually on the basis
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