please answer a to e FINAI EXAMINATIONModule 6 - Amortization XENGG 404 Engineering E XA DickiesSolved A debt of Php 15 XAnswered: 2. A company Xhttps://www.bartleby.com/questions-and-answers/2.-a-company-bought-an-electrical-equipment-worth-php-235000-with-useful-life.Get live help whenever you need from online tutors! Try bartleby tutor today →Homework help starts here!& ASK R CHATVx MATH SOLVERE Q&A Library2. A company bought an electrical equipment worth ...Knowledge BoosterExpert AnswerHead to our knowledge booster down below to learn moreabout Depreciation AccountingSee content belowStep 1As per our company guidelines we are suppose to answer only one question please post remaining questionas next questionStep 2Step-2Electical equipmeent cost =useful lefeSelvage valueElectical equipmeut caty lolvage valueDepieciableca) strargut dine Methed235,00010 yeas%3D15,000235,00015000220000Base12:14 pm2 Type here to searchG ») ENGIMIw29°C Light rain24/12/2021+(8) FINAI EXAMINATIONModule 6 - Amortization XENGG 404 Engineering E XA DickiesSolved A debt of Php 15 XAnswered: 2. A company Xhttps://www.bartleby.com/questions-and-answers/2.-a-company-bought-an-electrical-equipment-worth-php-235000-with-useful-life.Get live help whenever you need from online tutors! Try bartleby tutor today →Homework help starts here!& ASK R CHATVX MATH SOLVERE Q&A Library2. A company bought an electrical equipment worth ...help right now?2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years.What are the book values of the asset at the end of year if the equipment has a salvage valueof Php 15,000 using:a. Straight Line Methodb. Sinking Fund Method at 12% interest ratec. Declining Balance Methodd. Double Declining Balance Methode. Sum-of-the-Year's-Digit MethodTry Live Chat and speak with an expert forreal-time answers and explanations!Available for Accounting, Statistics, Calculus, Chemistry & Computer ScienceAn casier way lo study hardI ExpandTranscribed Image TextChat Now2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the b0ok valuesof the asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b.Sinking Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-Tagged inthe-Year's-Digit MethodBusinessAccountingOtherKnowledge BoosterEvnent Ancu wer12:14 pm2 Type here to searchG ») ENGIMIw29°C Light rain24/12/2021+i

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2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the book values of the asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. Sinking Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-the-Year's-Digit Method O Expand scribed Image Text ompany bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the bok values e asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. ng Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of- ear's-Digit Method search w i

2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the book values of the asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. Sinking Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-the-Year's-Digit Method O Expand scribed Image Text ompany bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the bok values e asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. ng Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of- ear's-Digit Method search w i

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter24: Bankruptcy, Reorganization, And Liquidation

Section: Chapter Questions

Problem 5SP

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Pls answer number 5 with solutions On January 1, 20x1 WRECK RUIN Co. acquired land by issuing a three-year, 12%, ₱4,000,000 note payable. Principal and all accrued interests are due on December 31, 20x3. How much is the interest expense in 20x2? a. 1,017,600 c. 537,600 b. 960,000 d. 764,213
Intermediate Accounting ll ch 16 5. On January 1, 2021, Ameen Company purchased major pieces of manufacturing equipment for a total of $48 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31, 2023, the book value of the equipment was $42 million and its tax basis was $32 million. At December 31, 2024, the book value of the equipment was $40 million and its tax basis was $25 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2024 was $30 million. Required: Prepare the appropriate journal entry to record Ameen’s 2024 income taxes. Assume an income tax rate of 25%. What is Ameen’s 2024 net income?
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MODULE 5 HOMEWORK -PATENT AMORTIZATION Please solve the following with accurate transaction and please journalize the transaction. Patent cost $15,000 on 05/01/14 Remaining Life of 5 years will be amortized using the straight line method Company closes its books on 12/31/14. What is the amortization expense? Please journalize.
i) Company X Financial Year ends March 31. A laptop purchased 02 August 2018 at a cost of P9,500 was disposed off in January 2020 for P6800. Assuming the organisation follows local GAAPS on depreciation, provide the Journal Entries for this transaction. Outline all assumptions used. (ii) The following in being considered: Purchase of an office building worth P1M from unrestricted funding. Currently, the office building is on a 2-year lease, with rentals of BWP22,000 per month. 11 Provide your recommendations to the Finance Manager. What would be the possible effect on the Financial Health of the organisation if these transactions are approved (iii) List any key financial controls for an NGO and why these are important. (iv) Company X’s year-end is March 31. It is now April 4. A staff member asks you to process an unpaid invoice with details as follows: The invoice is for bus transportation in the amount of P800 and is dated April 2. The invoice indicates the charges relate to…
Intermediate Accounting ll ch 16 On January 1, 2021, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment’s cost for income tax reporting in 2021. At December 31, 2023, the book value of the equipment was $45 million. At December 31, 2024, the book value of the equipment was $42 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2024 was $72 million. Required: Prepare the appropriate journal entry to record Ameen’s 2024 income taxes. Assume an income tax rate of 20%. What is Ameen’s 2024 net income?
Question 3A businessman has bought the following items for his business uses: Machinery RM100,000Computers RM50,000Pen RM10A4 paper rim RM15Printer cartridge RM20 Required: (iii) State an accounting concept whichever applicable that requires an accounting adjustment in the presentation of financial statements.
Investment reporting Teasdale Inc. manufactures and sells commercial and residential security equipment. The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Selected missing balances are shown by letters. Teasdale Inc. Balance Sheet December 31, Year 2 and Year 1 Dec. 31, Year 2 Dec. 31, Year 1 Cash 160,000 156,000 Accounts receivable (net) 11S.OOO 108,000 Available for-sale investments (at cost)Note 1 a. 91,200 Plus valuation allowance for available-for-sale investments b. 8,776 Available for-sale investments (fair value) c 99,976 Interest receivable d. Investment in Wright Co. stockNote 2 e. 69,200 Office equipment (net) 96,000 105,000 Total assets f. 5538,176 Accounts payable 91,000 72,000 Common stock 80,000 80,000 Excess of issue price over par 250,000 250,000 Retained earnings g 127,400 Unrealized gain (loss) on available for-sale investments h. 8,776 Total liabilities and stockholders' equity S i. 5538,176 Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows: No. of Shares Cost per Share Total Cost Total Fair Value Alvarez Inc stock 960 38,00 36,480 39,936 Hirsch Inc. stock 1,900 28,80 4,720 60,040 91,200 99,976 Note 2. The Investment in Wright Co. stack is an equity method investment representing 30% of the outstanding shares of Wright Co. The following selected investment transactions occurred during Year 2: Mar. 18. Purchased 800 shares of Richter Inc. at 40, including brokerage commission. Richter is classified as an available-for-sale security. July 12. Dividends of 12,000 art: received on the Wright Co. investment. Oct 1. Purchased 24,000 of Toon Co. 4%, 10-year bonds at 100. the bonds are classified as available for sale. The bonds pay interest on October 1 and April 1. December 31. Wright Co. reported a total net income of 80,000 for Year 2. Teasdale recorder equity earnings for its share of Wright Co. net income. 31. Accrued interest for three months on the Toon Co. bonds purchased on October 1. 31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair value per-share amounts: Available for Sale Investments Fair Value Alvarez Inc. stock 41,50 per share Hirsch Inc stock 26,00 per share Richter Inc. stock 48,00 per share Toon Co. bonds 101 per 100 of face amount 31. Closed the Teasdale Inc. net income of 51,240. Teasdale Int. paid no dividends during the year. Instructions Determine the missing letters in the unclassified balance sheet. Provide appropriate supporting calculations.
QUESTION 1The following trial balance relates to Golden Ltd at 30th September 2018 GHS'000 GHS'000Sales (a) 760,000Material purchases (b) 128,000Production labour (b) 248,000Factory overheads (b) 160,000Distribution costs 28,400Administrative expenses (c) 92,800Finance costs 700Investment income 1,600Leased property - at cost (b) 100,000Plant and equipment - at cost (b) 89,000Accumulated amortisation/depreciation at 1/10/2017- leased property 20,000- plant and equipment…
EIL.25 (LOS)) (Revaluation Accounting) Pengo Ltd. owns land that it purchased at a cost of V400 million in 2017. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2017, V450,000; 2018. V360,000, 2019, V385,000; 2020, ¥410,000, and 2021, V460,000. Instructions Complete the following table below. Value at Other Comprehensive Accumulated Other Recognized December 31 Income Comprehensive Income Net Income 2017 2018 2019 2020
Question 330J une 2017 (the last day of the financial year Moore Retailers sold one of their office amDuters with an original cost price of R28 500. The computer was sold on credit to one of their am plovees for R7 500. Moore Retailers depreciate all their computers at 30% per year according to the reducing balances method. On 1 July 2016 the accumulated depreciation on the computer was R14 535.Required:Q.3.1 Calculate the profit or loss on the sale of the office computer (Office equipment) by (8) completing the asset disposal account in your answer book.Round all amounts to the nearest rand.Ignore VAT for this question.Q.3.2 Journalise all transactions relating to the sale of the office computer (Office equipment) in the general journal at 30 June 2017.Narrations are not required.gnore VAT for this question.Q.3.3 If Moore Retailers purchased a new computer for R32 775 (including VAT), what amount will be posted to the office equipment account in the general ledger to account for this…