Question
On January 1, 2015, DRGE Co. sold a machinery with a historical cost of P1,000,000 and accumulated depreciation of P200,000 in exchange for cash of
On January 1, 2015, DRGE Co. sold a machinery with a historical cost of P1,000,000 and accumulated depreciation of P200,000 in exchange for cash of P180,000 and a noninterest-bearing note receivable of P800,000 due on January 1, 2018. The prevailing rate of interest for this type of note is 11%. How much is the carrying amount of the note on December 31. 2016?
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Content Audits And Inventories A Handbook For Content Analysis
Authors: Paula Ladenburg Land
2nd Edition
1937434826, 978-1937434823
