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Question - Namberry (Pty) Ltd sold a vehicle on 31 October 2020 for N$120 000. The vehicle was originally purchased on 1 November 2018 at a cost of N$300 000. The accumulated depreciation at 31 October 2020 is N$200 000. The wear and tear allowances that have been claimed on the vehicle up to date of sale are N$150 000. The remaining vehicles have a Carrying Amount of N$240 000 as at year end. These vehicles were all acquired on the same date, calculate recoupment and capital profit?
Create T-accounts for each of the accounts on a balance sheet and enter the balances at the end of 2012 as beginning balances for 2013. Prepare a trial balance for 12/31/12.
The previous retained earnings were $925 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars
'Business and society in the coming decades', Explain the above statement in the context of corporate social responsibility.
Prepare a chronological list of the investment's cash flows. Note: Rein is entitled to the 20X9 dividend. Compute the investment's net present value, rounding calculations to the nearest dollar.
Endless Summer is a Florida corporation that operates a fleet of cruise ships. It offers two categories of cruises. The first category includes round-trip cruises on ships that depart from Miami, visit various Caribbean and South American ports, then..
Was net income for 2020 overstated or understated due to the bookkeeper's mistake? By how much (ignore income tax aspects)?
If get contracted to paint a house in August, buy the paint in September, When do recognize the Revenue and when do recognize the Expenses?
Calculate the penalty that the IRS agent can impose if he concludes that the improper deduction was attributable to the Luces' negligence.
Deflorio Corporation's inventory at the end of Year 2 was $165,000 and its inventory at the end of Year 1 was $150,000. The company's total assets at the end of Year 2 were $1,466,000 and its total assets at the end of Year 1 were $1,416,000. Sales a..
What is the NPV of the proposed toad ranch today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Stoneheart Group is expected to pay a dividend of $2.87 next year. The company's dividend growth rate is expected to be 4 percent
Activity-based costing uses. Hemingway's Hot Dogs sell for $2.00 each. The hot dogs cost Hemingway $0.95 and commissions are $0.15 per hot dog. How many dogs must Hemingway sell if his fixed costs for the stand and rent are $3,500?
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