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17 What amount should DanBam report as a liability for deposits on returnable containers at December 31,2019? To input answers, kindly follow the sample format
17 What amount should DanBam report as a liability for deposits on returnable containers at December 31,2019? To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000 Failure to follow the format will invalidate your answer. * (1 Point) DanBam sells its products in reusable expensive containers. The customer is charged a deposit for each container delivered and receives a refund for each container returned within 2 years after the delivery. Danbam accounts for any container not returned within 2 years as being retired by sale at the deposit amount. Information relating to customer deposits follows: Containers held by customers at December 31,2018 from deliveries in 2017 P 75,000 2018 215,000 390,000 Containers delivered in 2019 Containers returned in 2019 from deliveries in 2017 2018 2019 P45,000 125,000 143,000 Enter your
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