User Account

All Pages

Explain the substantive test for depreciation

Assignment Help Accounting Basics
Reference no: EM133014962

Question - You are conducting the audit of Games World for the year 30 June 2019 and reviewing the audit working papers of property plant and equipment prepared by the audit assistant Beck Blue. Beck carried out substantive tests on accumulated depreciation and PPE additions and disposals.

Required -

1- Explain the substantive test for depreciation.

2- Explain the substantive tests for PPR additions and disposals.

Reference no: EM133014962

Questions Cloud

Explain IPSO Appliance complaints policy : The team leader has also asked you to explain IPSO Appliance's complaints policy and procedures and associated forms
How many kanban are needed in the situation : The last workstation in a production process performs final assembly of a product that is needed daily on 960 units. How many kanban are needed in the situation
How much can the firm obtain from factoring its receivables : The firm's bank has offered a reasonable sum of loan for a term of one year at the interest rate of 9.5% per annum. How much can the firm obtain from factoring
Calculate the Taxable Value of the benefit : Calculate the Taxable Value of the benefit for the 2017/18 fringe benefits tax (FBT) year for the vehicle using both the statutory formula method
Explain the substantive test for depreciation : Beck carried out substantive tests on accumulated depreciation and PPE additions and disposals. Explain the substantive test for depreciation
Compute the net present value of the future cash flows : The vehicle's salvage value equals 10 percent of the purchase price; -Compute the net present value of the future cash flows from Queenly
Prepare an acquisition analysis as at date of acquisition : For the year ended 30 June 2021, Purple Ltd recorded a profit of $32,000 and paid a dividend of $10,000. Prepare acquisition analysis as at date of acquisition
In how many years is the received : If the future receipt is discounted at an interest rate of 9%, its present value is $341272. In how many years is the $680000 received
What is the purchase price of the bond : On January 1, 2020, Flint Corporation purchased a $1,160,000 bond issued by ALN Ltd. What is the purchase price of the bond

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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