User Account

All Pages

Calculate the capital expenditure claimable

Assignment Help Financial Accounting
Reference no: EM131151203

Winter Pte Ltd has an unadjusted profit of $220,000 for YA 2015. On 1 December 2014, the company purchased a machine, which has no automated features which will qualify for PIC claim, and incurred the following costs:

•Purchase price $100,000
•Installation costs $2,000
•Dismantling costs $1,500
•Delivery & freight costs $2,200
•Exchange loss $800
•Yearly maintenance costs $2,000
•Yearly insurance $3,000
The company expected the profit to be $280,000 and $350,000 for the next two years.

Required:
•Calculate the capital expenditure claimable for YA 2015.

Using the profits for the three years, you are to advise the company which method of capital allowance claim is in the best interest of the company.

Reference no: EM131151203

Questions Cloud

Calculate the benefit cost ratio : Roto Air plans to spend $1,000,000 on this project, resulting in a total savings of $2,500,000 over the life of the project. Calculate the Benefit Cost Ratio.
What is financial accounting : What is financial accounting. - What are the methods of computing accounting ratios. -Prepare financial statement and ratios for the firm.
Affect alignment of organizational and training strategy : List and explain 2 external forces that may affect the alignment of organizational strategy and training strategy. Specifically, how do external factors affect whether training is effective?
Provide an analysis that identifies fallacious reasoning : For this assignment, read Mark Twain's essay "The Late Benjamin Franklin", Next, in a 1-page essay, provide an analysis that identifies fallacious reasoning in the story and explain why
Calculate the capital expenditure claimable : Winter Pte Ltd has an unadjusted profit of $220,000 for YA 2015.- Calculate the capital expenditure claimable for YA 2015.
What is the key lesson behind the metaphor : What is the key lesson behind the metaphor that develops an organizational change model based on a framework related to anatomy, physiology, and psychology
It has been estimated that project managers spend up : It has been estimated that project managers spend up to 90% of their time communicating and your position at Roto Air is typical. Calculate the number of possible channels of communication if the project team were to grow to nine members, Important: ..
What hardness level would be required for grade 2 steel : If the design of a steel gear indicates that an allowable bending stress number of 36 000 psi is needed, specify a suitable hardness level for Grade 1 steel. What hardness level would be required for Grade 2 steel?
Preparing a responsibility matrix : Give at least two reasons why preparing a Responsibility Matrix, which is derived using the Work Breakdown Structure as a basis, is an important planning and control function for a project manager. (In other words, why is it useful? What does it do f..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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