Question: Read the statement and the Question was: WHAT IS THE TOTAL AMORTIZATION FOR THE YEAR 2019? note: please show me the proper solution in a

Read the statement and the Question was: WHAT IS THE TOTAL AMORTIZATION FOR THE YEAR 2019?

note: please show me the proper solution in a good accounting form.

Dahlia Company purchased a P2,000,000 12% face value bonds, 10 years, on April 1, 2019 for P1,964,600. The bonds are dated April 1, 2019 with interest payable April 1 and October 1. Bond discount is amortized following the effective interest method. The effective interest rate is 12.40%. What is the total amortization for the year 2019? (Answer should be in two decimal places, no comma or peso sign) *

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!

Please show the proper solution in a good accounting form. Dahlia Company has 35,000 ordinary shares of Amelie Corporation as an investment in equity securities through other comprehensive income....

Question : What amount should Charm report as life insurance expense for 2019? Note: Please show to me step by step the proper solution in a good accounting form. In 2015. Charm Company purchased a...

Question : WHAT IS THE CARRYING AMOUNT OF THE MACHINE ON DECEMBER 31, 2020? Note: Please the proper solution in a good accounting form. Thank you. On Januaryr 1, 2019. Yolanda Company purchased a...

Question : What amount of gain or loss should be recognized for 2020 regarding the disposal of the property? Note: Please show to me the solution step by step in a proper solution in a good...

Question: HOW MUCH SHOULD THE LAND BE RECORDED IN THE BOOKS? Note: Please show me the proper solution in a good accounting form. Justin Company purchased a plant facility consisting of land and...

Question : How much should GRAPES report as gain or loss on sale of equipment in its 2020 income statement? Note: Please show the solution step by step and must be in a good accounting form. 9. On...

Part C: Job Order Costing (TOTAL GRADE: 27%) Part C Instructions: Be careful! This section requires you to place your answers on your Team Project document but some of the answers must be completed...

The annual report for Fraser & Neave Holdings Bhd is as follows: The annual report for Dutch Lady Milk Industry Bhd is as follows: Fraser & Neave Holdings Bhd and Dutch Lady Milk Industries Berhad...

Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1984, and Joan was born on July 1, 1985. Both enjoy good health and...

Crime Finds the Never Married is the conclusion drawn in an article from USA Today (June 29, 2001). This conclusion is based on data from the Justice Departments National Crime Victimization Survey,...

(10 marks Question 3 Profit and Loss We now consider the cost of manufacturing the articles in Q2. Suppose that the relationship between price and demand is p-19-2d and that the cost C thousand of...

A 5 1 . 0 0 0 bond with a coupon rase of 5 . 2 % paid semiarnuwly has two years to maturity and a yield to maturity of 7 . 7 . 7 a if interest rabes ise and the yield to maturity increases to 8 m ,...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....