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On April 1, 2018, WARRIORS CORP, purchased an office equipment for an invoice price of P150,000. Such price is to be paid in 3 equal
On April 1, 2018, WARRIORS CORP, purchased an office equipment for an invoice price of P150,000. Such price is to be paid in 3 equal annual instalments every April 1 starting next year. The equipment has a useful life of 10 years with no salvage value. The market rate of interest on April 1 is 12%.What is the net amount to be presented on the statement of comprehensive income of WARRIORS CORP. for the year 2018? (Round-off present value factors in 2 decimal places)
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