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Taxation

The document outlines the rental income and associated expenses for the years 2016 to 2019. Each year shows consistent rental income of P2,400,000, with additional real property tax and varying depreciation expenses. The total expenses increase from P2,430,000 in 2016 and 2017 to P3,430,000 in 2019 due to rising depreciation costs.

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bella bautista
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17 views1 page

Taxation

The document outlines the rental income and associated expenses for the years 2016 to 2019. Each year shows consistent rental income of P2,400,000, with additional real property tax and varying depreciation expenses. The total expenses increase from P2,430,000 in 2016 and 2017 to P3,430,000 in 2019 due to rising depreciation costs.

Uploaded by

bella bautista
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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a.

Rentals for 2016 = P4,800,000 / 2 P2,400,000


Annual real property tax 30,000
Total 2,430,000

b. Rentals for 2017 = P4,800,000 / 2 P2,400,000


Annual real property tax 30,000
Total 2,430,000

c. Rentals for 2018 = P4,800,000 / 2 P2,400,000


Annual real property tax 30,000
Depreciation expense improvement
((9,500,000 / 9.5) x ½) 500,000
Total 2,930,000

d. Rentals for 2019 = P4,800,000 / 2 P2,400,000


Annual real property tax 30,000
Depreciation expense improvement
((9,500,000 / 9.5) 1,000,000
Total P3,430,000

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