Find carrying value of leasehold at december

Assignment Help Accounting Basics
Reference no: EM132744658

Dexter Company signed a contract on May 1, 2005 whereby the company was to pay P960,000 cash plus P204,000 annual rent for an office building. The contract is for 10 years. Improvements and alterations were made on the building at a cost of P450,000 and it has an estimated economic life of 15 years and a salvage value of P30,000.

Answer the following:

Problem a. Amortization of leasehold for 2005 _

Problem b. Carrying value of leasehold at December 31, 2005 _

Problem c. Depreciation of leasehold improvements for 2005

Reference no: EM132744658

Questions Cloud

What is the stock current price : If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year and the dividend payout ratio is 40%, what is the stock's current price
Record journal entry for the accrued interest at december : Record the journal entry for the accrued interest at December 31, 2019. On 1 January 2018, Grabbit plc entered into an agreement to lease a widgeting machine
How to create effective business continuity plan : How to Create an Effective Business Continuity Plan. What were the plan development steps highlighted in the article?
How much is the company cost of goods sold during the year : Consider the following data about a company: Current ratio 3.5 to 1. How much is the company cost of goods sold during the year
Find carrying value of leasehold at december : Find Carrying value of leasehold at December 31, 2005. Dexter Company signed a contract on May 1, 2005 whereby company was to pay P960,000 cash plus P204,000.
Supply chain management in major organization : You are Vice President of Supply Chain Management in a major organization.
Find carrying value of the franchise at december : Find Carrying value of the franchise at December 31, 2005. 720,000 down payment upon signing of contract of January 1, 2005.
Find carrying value of the franchise at december : Find Carrying value of the franchise at December 31, 2005. 720,000 down payment upon signing of contract of January 1, 2005.
What the amortization of trademark is : At the start of 2006, the company paid legal fees of P97,500 for the successful defense of the trademark. The amortization of trademark for 2006 is?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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