Find how much is the revaluation surplus on december

Assignment Help Accounting Basics
Reference no: EM132690182

On December 31, 20x3, Entity A revalues the equipment at a fair value of ?820,000. There is no change in the residual value and the remaining useful life of the asset.

Problem 1: How much is the revaluation surplus on December 31, 20x3?

Reference no: EM132690182

Questions Cloud

How should hr structure the payout on incentive plan : One goal that is crucial for Fresh Munchables' success is obtaining new retail locations in order to increase revenue streams. With that in mind, the company.
What is the source activity of the sample after 50 years : The fission of one atom of Pu-238 generates 3.2 MeV of energy. A spherical un-tamped critical mass is about 9.5 kg (which has a weight in US system of 20.9
What are internal costs in an economic transaction : What are internal costs in an economic transaction? What are external costs? Who pays for each?
What would we do in terms of managers and programmers : Imagine we are a software company that develops software in the Netherlands. We have decided to expand our business to Russia. One of the major issues we are.
Find how much is the revaluation surplus on december : On December 31, 20x3, Entity A revalues the equipment at a fair value of ?820,000. How much is the revaluation surplus on December 31, 20x3?
What various effects do pesticides have : What various effects do pesticides have? Are these effects all by design? How do organisms respond? (Hint: think evolution). What are some of the problems with
Improve understanding of sql statements : Database programming evaluation practical and Write a query to increase the planned budget of all Movies - Write a query to count the total number
Why the fair value standards adopted : Give some example of how the new reporting standards potentially affect the balance sheet and the income statement. Why the fair value standards adopted
What is old reporting standards vs new fair value procedures : Find what is the difference between the old reporting standards and the new fair value reporting procedures for trading securities, held-to-maturity

Reviews

Write a Review

Accounting Basics Questions & Answers

  Does this experience suggest anything about

Does this experience suggest anything about how long COBOL programs will be around? Should the middle group try to learn COBOL now? Should their employers try to train them to program in COBOL?

  Calculate plantwide overhead rate using machine hours on

calculate plantwide overhead rate using machine hours on projected manufacturing costs for job no. 110. round your

  A company with a break-even point at 900000 in sales

a company with a break-even point at 900000 in sales revenue and had fixed costs of 225000. when actual sales were

  How is the cost of an intangible asset determined

How is the cost of an intangible asset determined, How is the useful life of an intangible asset determined

  Calculate the economic order quantity

Annual usage of wheat 80 000 kilograms. Use the above data to calculate: (a) Economic order quantity (EOQ). (b) Number of orders per year

  Why does the chairperson of the iasb argue

Why does Chairperson of the IASB argue that under the former accounting standard for leases there was 'no level playing field' between some airline companies?

  Show the statement of financial position transactions

Received cash from trade receivables totalling €18,000. Show the statement of financial position transactions at the end of June

  What are the ethical issues involved

The setting of accounting standards, What are the ethical issues involved? Is it possible to avoid ethical issues in developing accounting standards?

  What is maximum depreciation amount that carol may deduct

If Carol purchases a new Porsche for $164,000, what is the maximum depreciation amount that Carol may deduct in 2019? Carol plans to drive the Porsche 78%

  How would you determine the impairment of fixed assets

How would you determine the impairment of fixed assets? Provide an appropriate numerical example to support your response

  Whats the best method to use for businesses

The direct method might be easier to understand but it is also more expensive and more time consuming for the company why is that? and Whats the best method to use for businesses?

  Discuss journalize the petty cash transactions

Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August

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