Reference no: EM132950905
Question - On December 31, 2019, B COMPANY subjected to impairment test its trademark.
Data pertinent to the equipment as of December 31, 2019 follow:
Original Cost - P2,400,000
Adjusted accumulated depreciation - 600,000
Original Useful life- 8 years
Selling price - 1,400,000
Estimated cost to make the sale - 200,000
Value in use - 1,100,000
Remaining useful life - 6 years
Method of depreciation - straight-line
On December 31, 2021, the asset is found to have a recoverable amount of P1,400,000.
Required - How much gain on impairment recovery is recognized in 2021?
|
What does the yield to maturity approach
: What does the yield to maturity approach tell you and how is it used? On 15 November 2020, Resources Ltd issued $500,000,000 aggregate principal amount
|
|
What is the present value of all future growth opportunities
: Assume that the cost of capital will always remain at 12.1% per year. What is the present value of all future growth opportunities Big Industries will? produce
|
|
What is the break-even quantity
: Due to growth in the world aviation market, they are considering buying a piece of machinery to increase their output. What is the break-even quantity
|
|
Estimate the cost of equity using the capital asset pricing
: Estimate the cost of equity using the Capital Asset Pricing Model. The yield on 5-year Australian Government bonds as at 3 April 2019 is 3.46%.
|
|
How much gain on impairment recovery is recognized
: On December 31, 2021, the asset is found to have a recoverable amount of P1,400,000. How much gain on impairment recovery is recognized
|
|
What amount should green report as net cash from financing
: Gain on sale of land$12,400. In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities?
|
|
What is the duration
: What is the duration if the yield to maturity increases to 8%? What is the percentage change in the bond's price as predicted by the duration
|
|
Which the core system development processes
: Which the core system development processes? have no relationship to the five stages of SDLC./ are comparable to the five stages of SDLC
|
|
What would be the operating profit or loss
: Poseidon Swim has average fixed costs per year of $14,038. What would be the operating profit or loss associated with the production and sale
|