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On January 1, 2018, Zee Company purchased for P2,400,000 a machine with a useful life of ten years and no residual value. The machine was depreciated by the double declining balance method and the carrying amount of the machine was P1,536,000 on December 31,2019. The entity changed to the straight line method on January 1,2020.
Problem 1: What is the depreciation for 2020?
Assuming Phoenix is an accrual basis taxpayer, how much sales revenue should Phoenix recognize for tax purposes in 2015
Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: On the basis of the above..
Prepare Flipper's Supply Co. general journal entries for the following transactions: Jan. 25 Loaned Flam Co. $30,000 cash, accepting a 90 days, 10% note
How would your answer to Part a. change, if at all, if the FMV of the gift property was $85,000 as of the date of the gift.
On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10minus -year, 9% bonds for $48,890. What is the amount of the first year's interest payment
Oriole Company began the year with retained earnings of $666000. What was Oriole retained earnings at the end of the year
Compaq Ltd has a net income after tax of $2 000 000 for the year ended 30 June 2018. Calculate the basic EPS amount for 2018
Subsequently measured at fair value through other comprehensive income. Interest is payable annually. How much is the interest income in 2017?
What are the basic ownership rights of common stockholders in the absence of restrictive provisions? What are two principal components of stockholders' equity?
How much of the property taxes may Harry deduct?
McLain purchases inventory costing $1,800 on account. McLain takes out a loan for $400. Prepare journal entries for the earlier transactions
what are some real-world examples of industries where economies of scale are extensive? what has happened to the size
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