FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The answer is P12,800,000. I just need the complete solution. On January 1, 2020, Miya Company received cash of P16,000,000 from a local government to

The answer is P12,800,000. I just need the complete solution.

image text in transcribed
On January 1, 2020, Miya Company received cash of P16,000,000 from a local government to be used in constructing a building. The construction was completed on December 31, 2020 for a total cost of P40,000,000. The building will be depreciated over 20 years. If Miya Company uses the gross presentation of government grants. how much is the carrying amount of the deferred income from the government grant on December 31. 2024

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Canadian Cases In Financial Accounting

Canadian Cases In Financial Accounting

Authors: Carol E. Dilworth, Joan E. D. Conrod

2nd Edition

256111405, 978-0256111408

More Books

Students also viewed these Accounting questions

Question

★★★★★
Steam enters an adiabatic turbine steadily at 8 MPa, 500oC, 50 m/s, and exits at 30 kPa, 150 m/s. The mass flow rate is 1 kg/s, the adiabatic efficiency is 90%, and the ambient temperature is 300 K....

Answered: 1 week ago

Question

★★★★★
Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at yearend) who qualify as their dependents (Damarcus, Jasmine, Michael, and Candice). The...

Answered: 1 week ago

Question

★★★★★
=+15. Breakfast cereal. A scientist is claiming that people who eat high-fiber cereals for breakfast will consume fewer calories at lunch. A study recorded the number of calories consumed at lunch by...

Answered: 1 week ago

Question

★★★★★
By taking a central flux path, estimate the inductance of the sensor shown in Figure (a) for zero air gap; (b) for a 2 mm air gap. Assume the relative permeability of core and armature is 104 and...

Answered: 1 week ago

Question

★★★★★
Consider the provided memory layout. The shaded areas are allocated, and the lightly striped areas are available memory. For the given memory allocation of 6 bytes and the given sizes of each region...

Answered: 1 week ago

Question

★★★★★
. Based on the information in the table, calculate the firm's Basic Earning Power ratio. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units&quo...

Answered: 1 week ago

Question

★★★★★
In particular What did Dr. Balanoff and other researchers discover about the size of the dinosaur cerebrum in non-bird dinosaurs closely related to birds?

Answered: 1 week ago

Question

★★★★★
1. Consider the output of a paper mill: the product appears at the end of a web and is rolled onto a spool called a reel. Every reel is examined for the number of blemishes, which are imperfections....

Answered: 1 week ago

Question

★★★★★
provide the step-by-step calculations for this question: Rod BD is made of steel ( E = 29 10 6 psi) and is used to brace the axially compressed member ABC . The maximum force that can be developed in...

Answered: 1 week ago

Question

★★★★★
1. What was the need of Zurich airport privatization? + recommendation( words of 500 to 600)* references required+ p lagiarism applied*

Answered: 1 week ago

Question

★★★★★
Z satellite's body is rotating with an angular velocity about z-axis the solar panels rotate with by angle about y-axis calculate the angular momentum of the satellite

Answered: 1 week ago

Question

★★★★★
The function y=5.45+1.05(x+7) can be used to determine the cost in dollars for a prepaid cell phone plan of x minutes. What is the rate of change for the cost, in dollars, with respect to the number...

Answered: 1 week ago

Question

★★★★★
1. To provide an understanding of how trust is established in a communication context.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Basic values, basic interests, position, socialization process, mental variables and norm distribution.

Answered: 1 week ago

Question

★★★★★
6. List examples from your local environment of people that have a so-called Protestant character. Add further characteristics to this phenomenon than those mentioned in this chapter.

Answered: 1 week ago

Previous Question Next Question