ABC Company has equipment acquired on January 1, 2018, at a cost of P2,200,000 with an estimated residual value of P200,000 and 20 years estimated useful life. On December 31, 2020, the fair value of the equipment is P2,000,000, and revised residual value of P300,000. Round off percentage to the whole number and to the nearest peso if you are required to gross up. The carrying value of the equipment on December 31, 2021 is?

Answers

Answer 1

The carrying value of the equipment on December 31, 2021 is P1,606,250.

Carrying value on December 31, 2020 will be 2,000,000 - 200,000 = P1,800,000.

Depreciation rate per year will be: (P2,200,000 - P200,000) / 20 years = P100,000 per year.

Depreciation expense from January 1, 2018 to December 31, 2020 is 3 years x P100,000/year = P300,000.

Accumulated depreciation as of December 31, 2020 will be P300,000.

The revised carrying value on December 31, 2020 is 2,000,000 - 300,000 = P1,700,000.

Revised estimated useful life = 16 years (20 years – 3 years already used)

Revised depreciation rate = (P1,700,000 - P300,000) / 16 years = P93,750. Depreciation expense for 2021 will be 1 year x P93,750 = P93,750.

The accumulated depreciation on December 31, 2021, will be P300,000 + P93,750 = P393,750.

Carrying value as of December 31, 2021 = P2,000,000 - P393,750 = P1,606,250.

Therefore, the carrying value of the equipment on December 31, 2021 is P1,606,250.

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Related Questions

What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?

Answers

Answer: The action button lets users play the audio file, the sound button will play an audio clip.

Explanation:

The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.

Amber arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. What did Amber do wrong

Answers

Answer:

She should not have brought up salary.

Explanation:

From the question we are informed about Amber who arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. In this case, What she did wrong was that should not have brought up salary.

An interview can be regarded as

a structured conversation between

interviewer as well as an interviewee, the interviewee could be a participant seeking for job. It is one-on-one conversation, during interview

information from a person can be obtained through oral responses of a participant. In case of the question, she should not have brought up salary.

Though she mentioned Cost reduction which was one of her strength and it's regarded as is the process engaged by companies in reducing their costs and also brings increase to their profits.

What are questions you could ask during recruitment to better understand how a sorority aligns with your favored benefit?.

Answers

Participant observation is a better way to examine such cases.

What is participant observation?

Participant observation involves seeing and taking part in a group's activities in their natural environment. It is also referred to as the verstehen method, field studies, and/or ethnography.

It is based on the grounded theory method, which creates a theory as evidence is gathered rather than having one already in mind.

Researchers, writers, and law enforcement are a few professions that use participant observation.

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In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quotation marks or citing the source. The review board rejected her paper on grounds of plagiarism. In this scenario, Kirstein has committed:_________.

Answers

Answer:

Word-for-word.

Explanation:

Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.

In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.

You are considering opening a new plant. The plant will cost $100.0 million up front and will take one year to build. After that it is expected to produce profits of $30.0 million at the end of every year of production. The cash flows are expected to last forever. Calculate the NPV of this investment opportunity if your cost of capital is 8.0%. Should you make the investment? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged. The NPV of the project will be $247.22 million. (Round to one decimal place.) You should make the investment. (Select from the drop-down menu.) The IRR is %. (Round to two decimal places.)

Answers

We must first determine overall value of the future cash flows in order to compute the NPV of such a investment option.

Why do you use the phrase "investment"?

A purchase made with the aim of creating income or capital growth is known as an investment. An asset's value growing over time is referred to as appreciation. When a person buys a product as an investment

Assuming an 8.0% discount rate, we may use the calculation below:

NPV = -Initial Investment + (Cash flow 1 / (1 + r)^1) + (Cash flow 2 / (1 + r)^2) + ...

NPV = -$100.0 million + ($30.0 million / (1 + 0.08)^1) + ($30.0 million / (1 + 0.08)^2) + ...

NPV = $247.22 million

The investment should be made but since NPV is positive.

We might set the Pp to zero and find the interest rate that causes the NPV to be zero in order to determine the IRR. The IRR is 17.67%, as computed using a spreadsheet or financial software.

We may utilize the risk assessment of the IRR to find the largest deviation permitted in the capital costs estimate while keeping our original choice. The IRR will fluctuate in accordance with whether the cost of investment estimate is increased or decreased from 8.0%. We may use the working capital and the revised value for the IRR to solve for the discounted rate that reduces the NPV zero in order to determine the maximum variance permitted.

0 = -$100.0 million + ($30.0 million / (1 + 0.09)^1) + ($30.0 million / (1 + 0.09)^2)

When we solve for the new discount, we see that the capital expense estimate may vary up to 9.74% without affecting the conclusion. The choice to invest will vary if the capital costs estimate rises or falls by more than 9.74%.

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If the interest rate is 15%, what is the present valueloading... of a security that pays you $1,125 next year, $1,220 the year after, and $1,349 the year after that?

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The present value of the security that pays $1,125 next year, $1,220 the year after, and $1,349 the year after that, with an interest rate of 15%, is approximately $2,256.70.

To calculate the present value of the security, we need to discount each future payment to its present value using the interest rate of 15%. The present value of each payment can be calculated using the formula:

PV = CF / (1 + r)^n

Where PV is the present value, CF is the cash flow in each period, r is the interest rate, and n is the number of periods.

Using this formula for each payment and summing the present values, we find that the present value of the security is approximately $2,256.70. This represents the current worth of the future cash flows at a 15% interest rate. It indicates the maximum amount someone would be willing to pay for the security to receive those future cash flows.

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In what industry is labour likely to be the most important factor of production

Answers

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.

To avoid debt, a new business owner should have enough projected revenue to cover expences for the first

A) 6 months
B) year
C) 2 years
D) 5 years

⚠️THIS IS FOR SCHOOL. NO TROLL ANSWERS OR LESS YOU WILL BE REPORTED.⚠️​

Answers

Answer:

b) a year

Explanation:

Summarize how technology supports an accounting information system by choosing the correct statements below. (Check all that apply.)
A. Technology increases the speed of processing transactions.
B. Technology improves the accuracy of accounting information.
C. Computers reduce the time and effort devoted to recordkeeping.

Answers

Technology supports an accounting information system by increasing the speed of processing transactions, improving the accuracy of accounting information, and reducing the time and effort devoted to recordkeeping.

Technology plays a vital role in enhancing the effectiveness and efficiency of accounting information systems. Firstly, it increases the speed of processing transactions by automating various accounting processes. With the use of accounting software, transactions can be recorded, processed, and reported much faster compared to manual methods.

Secondly, technology improves the accuracy of accounting information. Automated systems help minimize human errors and provide built-in validation checks, reducing the likelihood of mistakes in calculations or data entry. This ensures that the financial information generated by the accounting system is more reliable and accurate.

Thirdly, computers and advanced software reduce the time and effort required for recordkeeping. Manual recordkeeping is labor-intensive and time-consuming, but technology streamlines these processes by automating data entry, report generation, and document management.

By leveraging technology, accounting information systems become more efficient, reliable, and responsive to the needs of businesses, providing timely and accurate financial information for decision-making, compliance, and reporting purposes.

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What is a health and dental form? What does it do as in its purpose?

entrepreneur.com/article/80158

Answers

The goal is to prevent tooth disease and more.

The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.

Answers

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

How is interest decided?It is based on various risks such as credit risk and maturity risk. Credit risk of a company is shown in its credit rating. The maturity risk increases as the length of time to repayment increases.

The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

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The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.

Answers

Explanation:

marketing about selling produktivitas

What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

What is the principal of a mortgage?

Answers

The principal of a mortgage is the amount of money that is borrowed from a lender to purchase a property. It is the portion of the total loan amount that is used to purchase the property, as opposed to the interest, which is the cost of borrowing the money.

The principal is typically paid back to the lender over the course of the loan through monthly mortgage payments. The payment is typically made up of both principal and interest, with the majority of the payment going towards interest in the early years of the loan and more towards the principal as the loan nears its end. The principal of a mortgage is an important concept to understand, as it affects the overall cost of the loan and the amount of money that you will need to borrow. By paying off the principal of the loan over time, you can eventually own your home outright and be free of your mortgage obligation.

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the civil rights act applies to all firms having how many employees?

Answers

The Civil Rights Act applies to all firms having 15 or more employees.

What is Civil Rights Act of 1964?

The Civil Rights Act of 1964 is a federal law in the United States that prohibits discrimination in various aspects, including employment, based on race, color, religion, sex, or national origin. Title VII of the Civil Rights Act specifically addresses employment discrimination.

According to Title VII, the Act applies to employers with 15 or more employees, including private employers, labor organizations, and employment agencies. This means that any firm or organization with 15 or more employees is subject to the provisions and regulations outlined in the Act.

It is important to note that smaller firms with fewer than 15 employees may still be subject to state and local anti-discrimination laws, which may have different employee thresholds. Additionally, the Act provides certain exemptions for religious organizations and private clubs under specific circumstances.

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Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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Why is it necessary to invest for retirement instead of saving for retirement?

Answers

Answer:

Compound interest is likely the most significant benefit of investing early in retirement. Though there's no guaranteed set rate of return, when you start saving for retirement earlier, you'll end up with more money with a smaller capital investment than if you wait until later in your career

Explanation:

Suppose your friends have the following ice cream flavor preferences: 70% of your friends like chocolate (C). The remaining do not like chocolate. 40% of your friends sprinkles (S) topping. The remaining do not like sprinkles. 25% of your friends like chocolate (C) and also like sprinkles (S). If your friend had chocolate, how likely is it that they also had sprinkles

Answers

If your friend likes chocolate, the probability that they also like sprinkles can be calculated using conditional probability. Given that 70% of your friends like chocolate (C) and 25% like both chocolate (C) and sprinkles (S), we can find the probability of liking sprinkles given chocolate (P(S|C)).

Let's denote the probability of liking chocolate as P(C) and the probability of liking sprinkles as P(S). We are given:

P(C) = 0.70 (70% of your friends like chocolate)

P(C ∩ S) = 0.25 (25% of your friends like both chocolate and sprinkles)

To find P(S|C), the probability of liking sprinkles given chocolate, we can use the formula for conditional probability:

P(S|C) = P(C ∩ S) / P(C)

Substituting the given values:

P(S|C) = 0.25 / 0.70 ≈ 0.36

Therefore, if your friend likes chocolate, the probability that they also like sprinkles is approximately 0.36, or 36%.

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Why is it a good idea to be organized in the workplace?

Answers

It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.

What is workplace?

A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.

An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.

It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.

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healthy-o cereals decides to sell its products through retail health food stores. this strategy decision is an example of which marketing mix area?

Answers

This strategic decision is an example of a Distribution (Place) marketing mix area.

In the marketing mix, distribution (Place) refers to the methods and techniques employed to make a product accessible to consumers for purchase. It entails choices on the distribution methods, including brick and mortar stores, online shopping, direct sales, etc. It also involves choices on the channels' accessibility, location, and frequency of product replenishment. Making sure the proper products are accessible to target clients at the ideal time and location is the aim of distribution.

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How does demand-pull inflation differ from cost-push inflation? Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers. Demand-pull inflation is driven by producers, while cost-push inflation is driven by consumers. Demand-pull inflation is driven by the private sector, while cost-push inflation is driven by the government. Demand-pull inflation is driven by the government, while cost-push inflation is driven by the private sector.

Answers

Demand-pull inflation differ from cost-push inflation: Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.

Demand-pull inflation and cost-push inflation

Demand pull inflation has to be do with customers while cost-push inflation has to do with producers.

When it comes to demand-pull inflation demand is tend to be higher than supply.

While in cost push inflation demand remain the same and decrease in supply can occur because of some factors.

Inconclusion Demand-pull inflation differ from cost-push inflation: Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.

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Answer:

AAAAAAAAAAAAAAAAAAAAAAAAAAAA

Explanation:

did test

Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.

Answers

Answer: Rumors

Explanation: i had this topic last year

A Mercedes-Benz priced the same as a Ford Focus might not sell as well because of:

a. history of performance of similar Mercedes products

b. overall company reputation

c. psychological factors

A Mercedes-Benz priced the same as a Ford Focus might not sell as well because of:a. history of performance

Answers

C, psychological factors

Critical outcomes of a company's marketing strategy include _____, as these are necessary for the company to sustain its business.

Answers

Critical outcomes of a company's marketing strategy include sales and profit as these are necessary for the company to sustain its business.

    Sales and marketing strategy are critical for sustaining the profits of company. It helps the company to reach, engage and convert target prospects into profitable customers. A sales and marketing strategy provides a cornerstone for alignment and alignment is a goal for every B2B organization.

    Without a strategy in marketing sales and activities it will be difficult to sustain sales and profits and all the tactics would be for nothing. Savvy companies realizes that a sales and marketing strategy is the next important one after overall business plan.

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Which investment is better stocks, bonds, or mutual funds and why?

Answers

\(\text{Hello There!}\)

\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)

\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)

\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)

  Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.

  \({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.

   \({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.

 \({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.

\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)

\(\rule{300}{1.0}\)

The governance mechanism MOST closely connected with deterring unethical behaviors by holding top management accountable for the corporate culture is:

Answers

When top management need to be held accountable for unethical behavior, the best way is to use a Board of Directors.

What does a Board of Directors do?

These are the representatives of the shareholders in the leadership of the company.

They are the highest authority in the company and the policies they implement are meant to hold top management accountable for unethical behavior that might threaten the shareholders.

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In what seven (7) way can we promote good marriage in the society ​

Answers

Answer:

1.being loving

2bieng understanding

3being loy

who is the apple board of directors?

Answers

The board is comprised of eight members, including the CEO of Apple, Tim Cook, and several high-profile business leaders and experts.

Tim Cook - CEO of Apple, James Bell - Former CFO of Boeing Company, Al Gore - Former Vice President of the United States, Andrea Jung - President and CEO of Grameen America, Art Levinson - Chairman of, Apple's board and CEO of Calico, Ron Sugar - Former CEO of Northrop Grumman Corporation, Sue Wagner - Founding Partner of BlackRock, Jeff Williams - Chief Operating Officer of Apple.

The Apple Board of Directors is responsible for overseeing the strategic direction and financial performance of the company. The board meets regularly to review and approve important decisions related to operations, finance, and corporate governance.

Apple's board of directors is made up of individuals with diverse backgrounds and expertise, including technology, finance, and public policy. The board is committed to upholding Apple's values and ensuring the company continues to be a leader in innovation, sustainability, and social responsibility.

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explain the difference between a market and a target market.

Answers

A market is a consumer or potential client who has an unsatisfied want and is financially capable and willing to satisfy that desire.

The group to whom you sell is referred to as a market, sometimes known as a marketplace. It might be an industry, a profession, a region, or a collection of individuals.

A target market is a set of clients (individuals, families, or organizations) for whom an organization creates, develops, and manages a marketing mix tailored to their requirements and preferences.

Target marketing is diametrically opposed to mass marketing. It entails identifying and prioritizing certain areas for further attention. Targeting, or selecting a target market, is simply one of several decisions marketers and business analysts make during the segmentation process.

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The SmartArt icon will allow you to include which of the following on a slide?

Answers

I think the answer is Graphs, I hope this helps

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