Solution-What total amount of these expenses should be

What total amount of these expenses should be reported

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Question - INDIGO Company has estimated that total depreciation expense on its depreciable assets for the year ended December 31, 2022 is 10% of the total cost of P21,700,500, and that 2022 year- end bonuses to employees will be 5% of the profit of the year assuming a profit of P4,500,000.

In its interim income statement for the three months ended June 30, 2022, what total amount of these expenses should be reported?

Reference no: EM133158371

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What total amount of these expenses should be reported

Reference no: EM133158371

Reference no: EM133158371

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