ATENEO DE NAGA UNIVERSITY
College of Business and Accountancy
Department of Accountancy
Integrated Accounting (ACCM456)
Type: Quiz 2
Subject: Practical Accounting 1 (P1)
To: Dr. Christopher Abelinde, CPA
Re: Reconsideration of items/answers in Quiz 3
Date Submitted: October 18, 2019
ITEM
NO.
PROBLEM SUGGESTED
ANSWER
ALTERNATIVE
ANSWER
JUSTIFICATION REMARKS
9 In its 2011 income statement,
what amount should ABC
report as depreciation for
this machinery?
A. 10,500 May also consider
Bonus The topic depreciation is not
included in the coverage of the
quiz. The coverage of quiz 2 is
only Inventories, PPE
acquisition, Building and Land,
and Machinery.
10 The accumulated depreciation
balance at December 31,
2012, should be
A. 102,000 May also consider
Bonus
*NOTHING FOLLOW*
