Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On 1 July 2018, Maxwell Chemical Ltd acquired a plant at a cost of $1,000,000. Maxwell depreciated the assets on a straight line basis. As at 30 June 2020, the machinery had accumulated depreciation of $200,000 and an expected remaining useful life of four years. On 30 June 2020, Maxwell Chemical Ltd conducted an impairment test on asset. It was assessed that the plant could be sold to other entities for $600,000 with costs of disposal of $25,000. The management expect to use the plant for another four years and it is expected that net cash flow to be generated by the plant would be $195,000 over each of the next four years.
The rate of return by the market on this plant is 8% as at 30 June 2020.
Note: The present value of an annuity of $1 for four years discounted at 8 per cent is $3.3121
Required - Determine whether the plant is impaired. If so, provide appropriate journal entry at 30 June 2020.
Determine consolidated sales, consolidated cost of goods sold, and consolidated 2010 income. Determine the non controlling interest expense for 2010
Erickson Company sponsors a defined benefit pension plan. Compute the actual return on the plan assets in 2014. Compute pension expense for 2014
If beginning finished goods inventory was $25,000 and cost of goods sold was $75,000, how much would Agale report for cost of goods manufactured
What is the present value of her lifetime salary income, if the discount rate applicable to the same is 7 percent
Describing how a company you work for or know in the UAE tries to ensure that its employees and stakeholders behave ethically
ana just received her bank statement and wanted to make sure that the balance in her checkbook was correct. ana
blue service center just purchased an automobile hoist for 35000. the hoist has an 8-year life and an estimated salvage
I would like you to explore what types of accounting certification exist. In particular research the Certified Public Accountant (CPA) and Certified Management.
Briefly describe the basic business activities of Virgin Australia Airlines involved in the revenue and expenditure cycles of the Virgin Australia Airlines
Some product development expenditures are recorded. Explain the difference between these accounts and how a company decides which classification is appropriate.
The following information for Kellman Inc. is available at the end of 2013.
The Enterprise Fund bills the Special Revenue Fund $15,000 for bus service provided to the elderly.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd