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if the carrying amount of the computer software as of december 31, 2021 is equivalent to P4,500,000 what is the carrying amount of the computer
if the carrying amount of the computer software as of december 31, 2021 is equivalent to P4,500,000 what is the carrying amount of the computer software on december 31, 2022? what amount is the total expense that Uno A Co. should recognize for the year ended december 31, 2022?
On March 1, 2022, Uno A Co. signed an annual maintenance agreement with an external software maintenance provider for P2,400,000 from which the maintenance period begins on May 1,2022 . In addition, Uno A Co. incurred P750,000 on January 1, 2022, in connection with software modification requests that will increase the functionality of the software. Uno A Co. will depreciate and amortize its computer and software assets over its remaining life of five years using the straight-line method. 14. If the carrying amount of the computer software as of December 31,2021 is equivalent to P4,500,000, what is the carrying amount of the computer software on December 31,2022 ? 15. What amount is the total expense that Uno A Co. should recognize for the year ended December 31,2022Step by Step Solution
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