User Account

All Pages

Find intangible asset in the accounts of reset mining ltd

Assignment Help Financial Accounting
Reference no: EM132555135

The Chief Executive Officer of Reset Mining Ltd, a small copper mining company, provides you the Financial Statements for the financial year ended 31st March 2020. In reviewing the financial accounts, you notice the following assets have been recognized as intangibles:

1. Investment in a subsidiary company

2. Training costs associated with new digital interface

3.Cost of geographical testing in search of new copper deposits

4. Legal costs incurred in securing a mining right.

Required: -

Question 1: Determine which of these should be included as an intangible asset in the accounts of Reset Mining Ltd. Give reasons for your answers.

Reference no: EM132555135

Questions Cloud

Calculate the total interest earned over nine-year period : Calculate the accumulated balance in his investment fund at the end of 9 years. Calculate the total interest earned over the 9-year period
Incidence And Prevelance : Incidence and prevalence are commonly used to measure the existence of disease in a population
How to make an ethical difference in your business : Before starting your discussion, read the Forbes article How to make an ethical difference in your business. In the article, Zwilling (2013) stated.
Firm new compensation and benefits system : You have been asked to replace the project manager who was heading up your firm's new compensation and benefits system.
Find intangible asset in the accounts of reset mining ltd : Determine which of these should be included as an intangible asset in the accounts of Reset Mining Ltd. Give reasons for your answers.
How the ethical dilemma can affect organization and society : Describe how the ethical dilemma can affect both the organization and society. Evaluate changes could have been made to prevent this ethical dilemma.
Why large companies should to produce financial statements : Provide justification as to why large companies should have to produce financial statements that comply with accounting standards.
External environment of organization : The external environment of organization comprises of all entities that exist outside its boundary but have significant influence on its growth and survival
How the new plans will affect the organization : Describe how the new plans will affect the organization, both internally and externally. Develop an idea for a new CSR endeavor for the organization based.

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!

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