Question: Items 40 and 41 are based on the following information: Rema Pulido Outsourcing enters into a contract to operate ReSa Review School's information technology data

Items 40 and 41 are based on the following information: Rema Pulido Outsourcing enters into a contract to operate ReSa Review School's information technology data center for 3 years. Rema Pulido Outsourcing incurs selling commission costs of P40,000 to obtain the contract. Before performing the services. Rema Pulido Outsourcing designs and builds a technology platform that interfaces with ReSa Review's systems. That platform is not transferred to Re5a. Re5a promises to pay a fixed fee of P80,000 per month. Rema Pulido Outsourcing incurs the following costs: Design services for the platform P60,000; Hardware for the platform P200,000, Software P120,000, and Migration and testing of data center P130,000 The contract costs that should be capitalized

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The cart impacts the safety barrier with speed v 0 = 3.25 m/s and is brought to a stop by the nest of nonlinear springs which provide a deceleration a = k 1 x k 2 x 3 , where x is the amount of...

Old MathJax webview please complete 1 2 and 3( there is no additional information) thanks **UPDATED QUESTIONS*** 1) what discourses or information, if any, does the company include about their...

MGT254. Contracts and Procurement MGT 254. Contracts and Procurement Assignment 1 Writing a Statement of Work (SOW) Introduction The full life-cycle of a procurement of a good or service is typically...

2006 National Institute of Standards and Technology Technology Administration Department of Commerce Baldrige National Quality Program Arroyo Fresco Community Health Center Case Study 2006 National...

GRADUATE CERTIFICATE IN PROJECT MANAGEMENT PROJ5010: PROJECT PROCUREMENT AND STRATEGIC SOURCING. CASE STUDIES CONTENTS 1. Proj5010: The World Bank RFP Case Study covers 1. Assignment 1: Marks = 5 2....

Based on the attached annual report for Barnes and Noble: What is the ratio of total liability and minority interest to total assets for the last two years How does B&N look considering anything over...

Financial Statement analysis - Homework case number 4. Accounting for Software Revenue Recognition Is Computer Associates Being Too Aggressive? Annual Revenues at Computer Associates (CA) dropped...

can i get alittle help with this? its practice questions for my Final. 16 Financial Highlights International Business Machines Corporation and Subsidiary Companies ($ in millions except per share...

Here is the I/S - ive done something wrong Here is info from Case 2.4: 154 CHAPTER 3 Sternet and Statement of Stockholders Equity Hydrogenics Corporation Case 3.4 Required: This case is a...

Based on information available, assess the general strategic planning approach/process used by each of the healthcare organizations: Case 5: Webster Health System ebster Health System (WHS), formerly...

Show that if Y1 has a chi-square distribution with v1 degrees of freedom and Y2 has a chi-square distribution with v2 degrees of freedom, then U = Y1 +Y2 has a chi-square distribution with v1 +v2...

(a) Assume that SMC decides to apply fair value hedge accounting under SFRS(I) 1-39. Illustrate the accounting for the company?s hedging transactions by preparing all the relevant journal entries to...

Any gain from the sale of real property that is attributable to accelerated depreciation should be recaptured and taxed at a higher rate under:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...