On january 6 2013 indenture corporation paid property taxes, Ask an Expert

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On January 6, 2013, Indenture Corporation paid property taxes on its factory building for the calendar year 2013 in the amount of $300,000. Indenture estimates that total depreciation expense for the year ending December 31, 2013 will amount to $550,000, and that 2013 year-end bonuses to employees will total $350,000. In Indenture's interim income statement for the six months ended June 30, 2013, what is the total amount of expense relating to these three items that should be reported ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942315

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