User Account

All Pages

Calculate the amounts that are allocated to impairments

Assignment Help Accounting Basics
Reference no: EM133107468

Question - FRUIT AND VEG is a chain of 12 fruit and veg stores. Each FRUIT AND VEG store is classified as its own cash generating unit (CGU). FRUIT AND VEG's accounting department is conducting an impairment review of one of their CGU's. The assets of this particular CGU are detailed below.

Goodwill: R60,000

Property: R200,000

Intangibles: R23,000

Equipment: R25,000

Other: R10,000

The impairment review has revealed that the fair value of the CGU's property is R180,000 and the net assets of the store as a whole is R210,000. Calculate the amounts that are allocated to impairments for "other", "intangibles", "goodwill" and "property".

Reference no: EM133107468

Questions Cloud

Traditional and contemporary approaches of management : What have you learned so far in this module? Please clearly show the knowledge you gained in the lectures/seminars and by studying the literature recommended
Will barry be able to bring a constitutional claim : Barry Beancounter is a tax attorney who is employed by Bad Company, a private-sector employer located in New Jersey. Barry has no individual employment contract
What will the return on equity be : If the return on asset (ROA) is 10%, the pre-tax cost of debt is 8%, and the corporate tax rate is 20%. What will the return on equity (ROE) be
Responsibility for youth homelessness welfare : Does my research question involve a hypothesis or a research question that needs to be tested?
Calculate the amounts that are allocated to impairments : The impairment review has revealed that the fair value of the CGU's property is R180,000. Calculate the amounts that are allocated to impairments
Discuss significance of cultural background : Discuss the significance of cultural background: "It is crucially important to be aware that students from diverse cultural backgrounds bring different ways
What is the company depreciation expense : Last year, Matthias Company had net operating profit after taxes (NOPAT) of $3,000 million. What is the company depreciation expense
Record the entry for exploration costs : Costs were allocated to 5 drilling areas: Area 1: $50,000, Area 2: $25,000, Area 3: $15,000, Area 4: $70,000, Record the entry for exploration costs
The case of deloitte : Among companies that have made major changes in their approach to performance management, the multinational consulting firm Deloitte provides an interesting exa

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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