Vilo Company has estimated that total depreciation expense for the year ended December 31, 2019 will amount to P300,000 and that 2019 year-end bonuses to employees will total P600,000. In Vilo's interim income statement for the six months ended June 30, 2019, what total amount of expense relating to these two items should be reported?

Vilo Company has estimated that total depreciation expense for the year ended December 31, 2019 will amount to P300,000 and that 2019 year-end bonuses to employees will total P600,000. In Vilo's interim income statement for the six months ended June 30, 2019, what total amount of expense relating to these two items should be reported?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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