Exam (elaborations)
BSIT IT258 Valix - ACC105_CHAPTER33_DEPRECIATION (100% CORRECT ANSWERS)
- Course
- BSIT IT258
- Institution
- University Of Saint Thomas
CHAPTER 33 Depreciation Problem 33-1 (AICPA adapted) On January 1, 2010 Lem Company bought machinery under a contract that required a down payment of P100, 000, plus 24 monthly payments of P5 0, 000 each, for total cash payments of P1, 300,000. The cash equivalent price of the machinery was P1, 100...
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