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27. Philo company estimates that the amount of total depreciation expense for the year ending december 31 will be $60,000 and for year end bonus
27. Philo company estimates that the amount of total depreciation expense for the year ending december 31 will be $60,000 and for year end bonus to employees will be $120,000. What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30? a) 15,000 b) 30,000 c) 45,000 d) 90,000
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