Reference no: EM132647242
Question - A Private Limited Co. bought a special bread-making plant on 1 January 2016, details of which follow:
Purchase price (including Tax of 17%) 570,000
Import duties - non-refundable 100,000
Installation costs 30,000
Fuel (incurred when transporting the plant to the factory) 45,000
Administration costs 10,000
Staff party to celebrate the acquisition of the new plant 14,000
Staff training 12,000
Testing to ensure plant fully operational before start of production 10,980
Proceeds from sale of samples and by-products made during testing 13,000
Advertising of the 'special bread' to be made by the new plant 50,000
Initial operating loss 35,000
The initial operating loss was incurred as a result of having to dump unsold 'special bread' at sea since the advertising had not yet created sufficient demand. The company is registered as a 'Sales Tax vendor'.
Required - Calculate the cost to be capitalized to the plant account?
|
Discuss the offense with example
: Discuss the offense. Consider the type of rehabilitation program that would best serve that type of offender, analyze if the rehabilitative processes would be.
|
|
Annotated bibliography-preparing annotated bibliographies
: Review the "Annotated Bibliography Example" and "Preparing Annotated Bibliographies" in the topic study materials.
|
|
What legal and ethical concerns should organization consider
: What legal and ethical concerns should an organization consider when hiring these pilots? Differentiate between various performance appraisal methods that would
|
|
Determine the correct amount of net income for May
: Determine the correct amount of net income for May and the total assets, liabilities, and stockholders' equity at May 31
|
|
Calculate the cost to be capitalized to the plant account
: Proceeds from sale of samples and by-products made during testing 13,000. Calculate the cost to be capitalized to the plant account
|
|
Which communication devices occurred between two cultures
: Which communication devices, such as communication foundations and taxonomies, occurred between the 2 cultures? How does communication play a role in each.
|
|
How level of authority affects leaders-followers behavior
: Explain how level of authority affects leaders' and followers' behavior. Discuss the main ideas of Bass theory of transformational and transactional leadership
|
|
Who would pay the fluctuating part
: How would you structure that SWAP, who would pay the fixed part, the bank, the counterparty? Who would pay the fluctuating part, the bank, the counterparty?
|
|
Record the preceding transactions
: Record the preceding transactions using the integrated financial statement framework. After each Transaction, you should enter the balance for each item
|