123 - months ended June 30? a) 15,000 b) 30,000 c) 45,000...

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  27. Philo company estimates that the amount of total depreciation expense for the year ending  december 31 will be $60,000 and for year end bonus to employees will be $120,000. What total amount  of expenses relating to these two items should Philo report in its quarterly income statement for the three 
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Unformatted text preview: months ended June 30? a) 15,000 b) 30,000 c) 45,000 d) 90,000 Answer: Amount of expense = ($60,000 + $120,000)/4 = $180,000/4 = $45,000...
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