User Account

All Pages

Determine the amount of impairment

Assignment Help Accounting Basics
Reference no: EM132429756

Question - Impairment question in accounting.

Original cost: $3,000,000

Residual value: $300,000

Depreciation method: Straight Line over 30 years

Remaining life: 20 years

Estimated annual cash inflows: $80,000 (over remaining life)

Relevant rate: 4%

How do determine the amount of impairment (fair value test)?

Reference no: EM132429756

Questions Cloud

Goals and techniques of psychodynamic therapy : Applying specific terms and concepts, describe how a psychodynamic therapist would treat fear of intimacy (i.e., emotional closeness) in relationships.
Describe fully the direct write-off method : Question - Allowance for doubtful accounts. Describe fully both the direct write-off method and the allowance method of recognizing bad debt expense
Frequencies for the qualitative variables gender : Construct a contingency table that shows frequencies for the qualitative variables Gender (Male or Female) and Use of Social Networking Sites
How perceptual development depends : What are some aspects of how perceptual development depends on motor development and vice versa.
Determine the amount of impairment : Depreciation method: Straight Line over 30 years and Relevant rate: 4%. How do determine the amount of impairment (fair value test)
Discuss professional values in human services profession : Discuss how the personal and professional values in the human services profession instructs (or impacts) effective service delivery in both positive
Elvis presley personality development : Question 1: How social interest was a factor in Elvis Presley personality development.
What would the forecasted net income : Based upon the actual results what would the forecasted net income be for the sales of 12,000 shoes
What is the placebo effect of a drug : What is the placebo effect of a drug? Is it the same as a drug side effect? Does each drug have its own placebo effect?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the city''s debt ceiling? what is the city''s credit

What is the city's debt ceiling? What is the city's credit rating? Would you consider purchasing municipal bonds from your city? Why or why not?

  The gillett companys breakeven point in units is 25000

the gillett companys breakeven point in units is 25000. assuming that variable costs are 50 and fixed costs are 500000

  What special skills are needed to provide the engagement

The company has heard about an assurance service- Will SysTrust help the board in this situation? What special skills are needed to provide the engagement?

  What is the total cost of serving each parties diners

According to the activity-based costing system, what is the total cost of serving each of the following parties of diners

  Disclose in the notes to the financial statements

What information about its pension plan would a company normally be required to disclose in the notes to the financial statements?

  Explain to your friend whether each of the numbered items

your friend dean has hired you to evaluate the following internal control procedures.a explain to your friend whether

  Determine bad debt expense and prepare the adjusting entry

Determine bad debt expense, and prepare the adjusting entry. What are the essential features of the allowance method of accounting for bad debts

  What was the cost of completing a unit during current period

What was the cost of completing a unit during the current period

  The four steps used to allocate producing department

the four steps used to allocate producing department activity cost pools using the abc approach are what?step 1 divide

  Calculate the stand cost percentage

Actual cost of sales for the month of January was $11,885. Calculate the stand cost percentage and the actual cost percentage for January

  What amount of current federal income tax liability

What amount of current federal income tax liability should be included in Cullumber's December 31, 2018 balance sheet

  How to obtain the sample including the sampling method

The Learning Team assignment is the third part of the cumulative Learning Team project. This part of the assignment gives students the chance to determine.

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