Love Enterprises incurred the following business expenses in the taxable year 200x:

Love Enterprises incurred the following business expenses in the taxable year 200x:
a) Allowance per aging of accounts receivable at the beginning and ending of the year are P20, 000 and P30, 000 respectively. The firm’s provision for bad debts during the year is P15, 000.
b) Accumulated depreciation on machine at the beginning is P100, 000 but at the end of the year is P110, 000. During the year, the firm sold a machine with a cost of P300, 000 and an accumulated depreciation of P30, 000 and purchase at the end of the year a new machine worth P400, 000 with a better capability.
c) Research and development cost of P500, 000 treated as deferred expense.
d) Contribution during the year are as follows:
To the government for priority program in sports P 50, 000
To the government for public purposes 10, 000
To the accredited NGO’s total administrative expenses is 35% 100, 000
To the church of Baguio 60, 000
Net income before contribution 2, 500,000
what is the total allowable deduction?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10