ABC Company reported pretax financial income of P 6,500,000 and P 8,200,000 for years 2019 and 2020, respectively. The tax bases for its asset and liabilities on December 31,2019 and December 31,2020 were equal to their carrying values except for the property,plant and equipment and provision
ABC Company reported pretax financial income of P 6,500,000 and P 8,200,000 for years 2019 and 2020, respectively. The tax bases for its asset and liabilities on December 31,2019 and December 31,2020 were equal to their carrying values except for the property,plant and equipment and provision for warranty. Equipment costing P 4,000,000 with estimated residual value of P 400,000 and estimated useful life of 8 years was acquired on January 1,2019. This asset was
How much was the
How much is the taxable amount for year 2020?
How much is the taxable amount for year 2020?
How much is the taxable amount for year 2020?
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