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Problem 1: Calculate the amount of depreciation on the machinery for the first 2 years. The machinery was purchased on 1t January, 2006 for Rs. 80,000. Rs. 20,000 was spent on its erection, freight charges. Depreciation is charged at 10 percent per annum on straight line method. The books are closed on 31 March each year.
At acquisition date which of the following is not required to be recognised by the acquirer? goodwill separately from the identified assets acquired.
Will the bonds be issued at a discount or a premium? Explain how much cash will Greece receive for the issuance, assuming semi-annual interest payments?
Prepare a summary of information with appropriate cross referencing between sources and paraphrase and appropriately reference source material (Harvard style referencing).
It cost $80,000 and had a carrying amount of 46,000. Which of the following entries appropriately reflects the gain or loss on the equipment?
Compare and contrast the two (2) different consolidation processes of serial and single consolidation techniques when indirect ownership interests exist.
Make the bank reconciliation statement at April 30,The information is for SeaTrans Ltd. in April, Cash balance per bank, April 30, $14,606.73
What would be the operating profit or loss associated with the production and sale of 494 swim trunks? The Poseidon Swim COmpany produces swim trunks.
Evaluates the amount of materials handling overhead cost that should be allocated to the company's two products.
The auditor is auditing financial statements for the year ended December 31, 2015, and is completing the audit early March 2016. The following situations have come to the auditor’s attention. The client is a bank, a major commercial loan customer fil..
Calculate the Cost of Equity using the CAPM method and Dividend Valuation Method. Calculate the cost of debt of the bond and the bank debt
Compute for the unadjusted balance of the Home Office Current account. The branch accountant recorded a merchandise worth P245,000 as P254,000.
An audited entity company has not paid its 2013 audit fees. According to the AICPA Code of Professional Conduct, for the auditor to be considered independent with respect to the 2014 audit, the 2013 audit fess must be paid before the
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