Barnel Company owns and manages apartments. On signinga lease, each tenant must pay the first month and last monthrent and a P50,000 refundable security deposit.The security deposit is rarely refundable in total becausecleaning costs of P15,000 per apartment are almost alwaysdeducted.About 30% of the time, the tenants are also charged fordamages to the apartment which typically cost P10,000.If a one-year lease is signed.on a P90,000 per month apartment,what amount should be reported as refundable security deposit?а. 25,000b. 50,000с. 35,000d. 32,000

Given, Cleaning costs of Php15,000 per apartment. About 30% of the time, the tenants are also…

Answered: ust pay ne irst mo fundable security a…

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ust pay ne irst mo fundable security a is rarely refundab

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 9P

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