Determine the recoverable amount of the machinery assets

Assignment Help Financial Accounting
Reference no: EM133103802

Question - Boston Ltd provides the following information in relation to its machinery assets:

Carrying amount $378,000

Fair value $399,000

Costs of disposal $6,300

Value in use $430,500

Required - Determine the recoverable amount of the machinery assets?

Reference no: EM133103802

Questions Cloud

Calculate the land value for the balance sheet : The following exchange rates applied: Average rate for year US$ 1.00 = AUD $1.60. Calculate the Land value for the balance sheet translated
What the net profit after tax translated : The following exchange rates applied: Start of the reporting period US$ 1.00 = AUD $1.34. What the net profit after tax translated
What is the present worth of the project : What is the present worth of the project, which requires $140,677 investment now and receives $36,978 every year for six years at an interest rate of 11%
Determine the impairment loss : Chicago Ltd provides the following information in relation to its equipment assets: Carrying amount $103,500. Determine the impairment loss
Determine the recoverable amount of the machinery assets : Boston Ltd provides the information in relation to its machinery assets: Carrying amount $378,000. Determine the recoverable amount of the machinery assets
Successfully implementing international strategy : What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?
Technology impact on business : Describe technology and its impact on business decisions. Why is it important to consider each of them when designing and installing an information system?
Research the investment results : Find a company you think has an excellent chance to grow your inheritance over the coming 5 years.
Start new conversation : Conic shapes in the real world Begin by selecting Start a New Conversation. Research ONE example of a conic section in real life

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd