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Problem - Mamak Trading constructed a factory at a cost of RM1.9 million of which RM700,000 was the land. The building was completed on 1 November 2014 and 118 of the building was used as an office. On 1 February 2019, the building was sold to Malim Jaya for RM3.1 million, including RN11 million for the land. Malim Jaya used the whole building as a factory. An extension to the building costing RM120,000 was constructed by Malim Jaya on 2 May 2019. The extension was completed and brought into use as a warehouse for the storage of raw material for manufacturing. Both company close their accounts on 31 December annually. Calculated the industrial building allowances for both companies for all the relevant years of assessment up to and including year of assessment 2020.
Whitelock Ltd sells a machine for making rugby balls to the Australian Rugby Union on 1 July 2017. Prepare the journal entry on 1 July 2017 to record the sale
Compute the beta value for each stock and plot the characteristic lines of the 2 companies on 2 graphs. Compute the correlation coefficient for the 2 stocks.
Assume you are auditing a city that has a summer youth employment program. List some factors you might investigate in terms.
prepare a 500-750 word written response to the following in january 2010 salem corporation purchased 350000 of new
What is in-process research and development? What happens to in-process research and development once the project is completed
Alex files a tax return for the 2010 tax year. His adjusted gross income is $50,000. What is the interest deduction for Alex for the 2010 tax year
Assuming an AGI on their joint return for 2017 of $172,000, how much education tax credits do the Bigheads get to take on their tax return?
grainiacs inc. is a diversified commodity merchandising company located in the upper mid-west with fiscal operations
Alpha uses the weighted-average process costing method. Determine for the month of March the total cost transferred to the finished goods inventory
The company sold bonds with a face value of $1 million, receiving $800,000 in cash. Set up a schedule of interest expense
Comment on the relative effect of each of the three inventory methods on the gross profit ratio.
Prepare Kohl's journal entries for the initial transaction, recognition of interest each year, and the collection of $57,442 at maturity
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