Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Construction of Mia & Syad's Bakery's new store begin on 1 April 2019. The costs were incurred on the construction immediately. The store was completed on 1 January 2020 and brought into use for its grand opening on the 1 April 2020. Mia & Syad's Bakery secured a RM2,500,000 5-years loan on 1 April 2019 to aid construction of the new store (which meets the definition of a qualifying asset as per MFRS 123). The loan carried an interest rate of 8% per annum. Costs incurred on the construction of the new store (excluding interest) is RM3,000,000.
Problem 1: Calculate the amount of interest that shall be included in the costs of the new store project.
a) RM200,000
b) RM180,000
c) RM150,000
d) RM1,000,000
Problem 2: Determine the revised carrying amount of the new store project upon its completion.
a) RM3,000,000
b) RM5,500,000
c) RM3,150,000
d) RM3,200,000
Problem 3: Investment income generated from loans taken in order to finance a qualifying asset should be:
a) deducted from borrowing costs
b) added to borrowing costs
c) added to cost of asset
d) none of the above
Starting with the debit balance of $56,250, bring the the cash book (bank column) up to date? and Bank Reconciliation statement?
Prepare journal entries (without narration) for the investment property of Bolive Bhd. for the years ended 30 April 2018 to 30 April 2020 using the fair value
ACC 556 Week 10 Assignment 2 Budget Planning and Control BUY HERE ACC 556 Week 10 Assignment 2 Budget Planning and Control Assignment 2: Budget Planning and Control Due Week 10 and worth 160 points Use the Internet and / or Strayer databases to resea..
this page adds your oaes assignment problems for this week. you can work on the problems in any format you choose such
Your firm needs a machine which costs $260,000, and requires $41,000 in maintenance for each year of its 5 year life. After 3 years, this machine will be replaced. The machine falls into the MACRS 5-year class life category. Assume a tax rate of 30% ..
The truck will be used for 4 years, at the end of which time, it will be sold at an estimated residual value of $10,000. What is the net advantage to leasing
Explain how much gross profit should be reported for 2011? Make the journal entry to record the revenue and gross profit for 2011.
The cost of capital is 15% per annum. Using the net present value approach, advice the management on the suitability the project
Calculate the current yield, the earnings per share, and the price-earnings (PE) ratio. When solving and answering, round to two decimal places.
Explain why Believer believes this lease should be categorised as a finance lease. You should refer to relevant international accounting standards to justify your answer.
When a constraint line bounding a feasible region has the same slope as an isoprofit line, there may be more than one optimum solution.
Determine the double-declining-balance depreciation for the first year. A building acquired at the beginning of the year at a cost of $80,000 has an estimated
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd