User Account

All Pages

Calculate recoupment and capital profit

Assignment Help Financial Accounting
Reference no: EM132825493

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?

Reference no: EM132825493

Questions Cloud

Describe potential disadvantages of paas : Describe potential disadvantages of PaaS. Describe how a cloud-based database management system differs from an on-site database.
Prepare financial statements for the business for the month : AH determined that cost of supplies remained on hand at the end of the current month total $1,300. Prepare financial statements for the business for the month
What characteristics of a well-ordered school : Begin by reading the case study "The Case of the Powdered Aspirin" in Chapter 5. This case helps school leadership candidates understand.
What is your biggest takeaway from the article : Read: "Armed Defense and the New Negro in the 1919 Chicago Race Riot". Next, answer the following prompt in complete sentences: Summarize the article.
Calculate recoupment and capital profit : The remaining vehicles have a Carrying Amount of N$240 000 as at year end. Calculate recoupment and capital profit
Django based ecommerce project : It is a Django-based eCommerce project with the majority of the code already implemented.
Compute the number of children who must be enrolled : KinderKids' target operating income is $5,000 per month. Compute the number of children who must be enrolled to achieve the target operating income
What steps can be taken by system administrators : What steps can be taken by the system administrators to have redundancy for the domain controllers so if one goes down during the disaster,
Review the functions of human resource management : Determine which function is the most important function to an organization's overall success. Explain your reasoning.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain johnson company financial data

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.

  How much in dividends did the firm pay to shareholders

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

  Explain the context of corporate social responsibility

'Business and society in the coming decades', Explain the above statement in the context of corporate social responsibility.

  Prepare a chronological list of the investments cash flows

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.

  How much is foreign source income

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..

  What was the correct total inventory value

Was net income for 2020 overstated or understated due to the bookkeeper's mistake? By how much (ignore income tax aspects)?

  When do recognize the revenue

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

Calculate the penalty that the IRS agent can impose if he concludes that the improper deduction was attributable to the Luces' negligence.

  Inventory-companys total asset turnover for year

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

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.)

  Computing the stock price of stoneheart group

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

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?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd