In the first month of liquidation, certain assets were sold for P360,000, gross of P10,000 disposal costs. Additional P4.000 co are anticipated before the liquidation is completed. Liabilities amounting to P56,000 were paid. Partial distributions were mad. to the partners. A and B share in profits and losses on a 3:1 ratio

Hi please assist

Calculate EBITDA I calculated $6,750,000 but I also calculated 6,507,692 - which one is correct? Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%

C7

Rona Company provided the following balances on December 31, 2022: Wasting asset, at cost Accumulated depletion Capital liquidated Retained earnings Depletion based on 100,000 units extracted at P30 per unit Inventory of resource deposit (20,000 units) What is the maximum dividend that can be declared on December 31, 2022? 40,000,000 15,000,000 5,000,000 10,000,000 3,000,000 2,000,000 A. 19,600,000 B. 19,400,000 C. 25,000,000 D. 20,000,000

MN.18.   An asset (according to the historical cost model) with a carrying amount as at December 31, X0 of $120,000. This asset is depreciated on a straight-line basis and has a remaining useful life of 3 years. The asset is expected to generate a net cash flow of $30,000 per year for the next 3 years, after which it will be liquidated with a liquidation value of $10,000 with no additional disposal costs. Currently, this property is marketable for $60,000 and $5,000 respectively.Require:1. Determine the asset's value in use at an estimated discount rate of 6%.2. Calculate property loss and record related journal entries (if any).

9. These are the books of Riya Distributers as at 28 February 2021. Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700. The depreciation for the disposed equipment is A.R460 B.R345 C.R225 D.R92 10. These are the books of Riya Distributers as at 28 February 2021. Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700. The profitloss for the disposed equipment is A.Profitloss R300 B.Profit/loss R92 C.Profit/loss R455 D.Profit/loss R460

Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700.The profit/loss for the disposed equipment is _________.A. Profit/loss R300B. Profit/loss R92C. Profit/loss R455D. Profit/loss R460

please kindly show the computation

The asset - vehicle worth £21,200 will be depreciated by 10% at the end of the year. Which nominal accounts should be debited and credited, respectively? a)  Debit Depreciation A/c & Credit Non-Current Asset A/c b)  Debit Inventory A/c & Credit Depreciation A/c c)  Debit Balance Sheet A/c & Credit Profit or Loss A/c