On January 1, 2022, State Co. sold an equipment to Nation Co. The latter issued a five-year P500,000, 10% note to State Co. The note requires interest to be paid annually every December 31 starting December 31, 2022 until the maturity of the note on December 31, 2026. The equipment has a cost of P1,000,000 and accumulated depreciation as of January 1, 2022 of P550,000. The prevailing interest rate for a note of this type is 12%What amount should be reported as gain (loss) on sale of equipment? (Round off PV factors to four decimal places.)

Q: Pear Company recorded the following data pertaining to one of its inventory items during January 202...

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A: The computation is given as,

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A: As per rule, allowed to answer first question and post the remaining in the next submission.

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A: Introduction:- The commitment of an asset to increase in value over time is referred to as investmen...

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Q: 20

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A:

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A:

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A:

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A:

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Q: Arts

A:

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