The following information given Dividends payable . Equipment Accumulated Depreciation Equipment Unappropriated Retained Earnings - Appropriated...

 

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The following information given Dividends payable . Equipment Accumulated Depreciation Equipment Unappropriated Retained Earnings - Appropriated Retained Earnings . Cash Dec: 31, 2019 P34,000 P925,000 P283,000 P710,000 P 20,000 P 6,700 Dec: 31, 2018 P22,000 P780,000 P300,000 P500,000 PO P 3,500 The following information relates to 2019: 1. Profit for the year P1,000,000. 2. Depreciation expense for the year, P74,000. 3. During the year, equipment was overhauled at a cost of P25,000. The amount was debited to accumulated depreciation. What is the total amount of equipment purchases during 2019? 4. During the year, equipment with a book value of P100,000 was sold. A loss of P11,000 was realized on the sale. The following information given Dividends payable . Equipment Accumulated Depreciation Equipment Unappropriated Retained Earnings - Appropriated Retained Earnings . Cash Dec: 31, 2019 P34,000 P925,000 P283,000 P710,000 P 20,000 P 6,700 Dec: 31, 2018 P22,000 P780,000 P300,000 P500,000 PO P 3,500 The following information relates to 2019: 1. Profit for the year P1,000,000. 2. Depreciation expense for the year, P74,000. 3. During the year, equipment was overhauled at a cost of P25,000. The amount was debited to accumulated depreciation. What is the total amount of equipment purchases during 2019? 4. During the year, equipment with a book value of P100,000 was sold. A loss of P11,000 was realized on the sale.

Answer rating: 100% (QA)

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