The entire amount of P765, 000 was charged to rent expense in 2019. What amount should Goetz have charged to expense for the year ended December 31, 2019?90,00094,125184,125495,000 On December 1, 2019, Goetz Corporation leased office space for 10 years at a monthly rental of P90,000. On that date Perez paid the landlord the following amounts:Rent depositP90,000First month's rent90,000Last month's rent90,000Installation of new walls and offices495,000P765, 000The entire amount of P765, 000 was charged to rent expense in 2019. What amount should Goetzhave charged to expense for the year ended December 31, 2019?

Calculation of the amount of Rental expenses to be recognised as expense for the year ending 31…

Answered: The entire amount of P765, 000 was…

The entire amount of P765, 000 was charged to rent expense in 2019. What amount should Goetz have charged to expense for the year ended December 31, 2019? 90,000 94,125 184,125 495,000

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 80P

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