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Question - A license is acquired by CAN Company on July 1, 2015, for P 450,000; while it has a legal life of 15 years, due to rapidly changing environment, management estimates a useful life of only 5 years. Straight-line amortization will be used. At January 1, 2016, management estimated that the recoverable amount of the license is only P 135,000. Amortization will be taken over 3 years from that point. On January 1, 2018, due to the change in the general economic situations, the license now has a fair value of P 540,000. The entity adopted the revaluation model to measure the license starting January 1, 2018. The estimated remaining useful life is now believed to be 5 years.
Compute: (1) Loss on impairment on January 1, 2016, (2) Gain on impairment recovery in 2018, and (3) Revaluation surplus on January 1, 2018.
Calculate lost profit damages on convoyed sales,Calculate the total value of all the damages as of June 30, year 6, which is the estimated date
A major global disaster (in this case an oil spill) has caused environmental damage and has affected global transportation as well.
A 120-day, 8% promissory note with face value of $15,000 issued on May 1, 2012 was sold on August 5, 2012 while the cost of money is 4%.
Using the tables above, what would be the internal rate of return of an investment of $210,600 that would generate an annual cash inflow of $50,000 for the next 5 years?
What will be the total funds the company can invest in capital budgeting projects this year before new common stock must be issued to raise new funds
Leeanne Harris is the director of Quick Clean Pty Ltd, family business that provides cleaning, identify a procedure you could use to audit Quick Clean's revenue
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Grove Corporation issued $20,000,000 of 10% coupon rate bonds on January 1, 2018, Calculate the present value of the bonds at issuance
Calculate the cost of goods completed and transferred out during June using the FIFO process costing method
Joe intends to contribute Property A with fair market value ("FMV") of $800 and basis of $300. Provide Sunny basis in MII upon contribution
Jake does not believe that honorariums and member contributions will be enough to balance the budget, especially if the group goes to the Rose Parade.
Cash Payments Schedule Draper Company provided the following information relating to cash payments.
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