Engineering Economics
Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%.

P 9,308.45
P 9,250.00
P 9,228.45
P 9,358.41

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
In a cash-flow diagram:

A vertical arrow pointing up indicates a positive cash flow
Time 0 is considered to be the present
Time 1 is considered to be the end of time period 1
All of these

ANSWER DOWNLOAD EXAMIANS APP