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Rich Company owns a fleet of motor vehicles. In 2018, one of the cars which was acquired at a cost of P400,000 was allowed as
- Rich Company owns a fleet of motor vehicles. In 2018, one of the cars which was acquired at a cost of P400,000 was allowed as service vehicle by one of its officials. During the year, its book value amount to P375,000. How much is the fringe benefit tax due thereon?
a.
P96,969
b.
P18,823
c.
P17,767
d.
P21,538
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
