User Account

All Pages

How much is the recoverable amount

Assignment Help Financial Accounting
Reference no: EM132517953

An equipment of EL Corporation was tested for impairment on December 31, 2019. The carrying value of the said equipment on that date is ?4,800,000. The equipment can be sold for ?4,500,000, and an estimate of ?200,000 will be incurred for disposal. The cash flows that will be generated by the equipment for 2020, 2022, and 2022, are ?2,000,000; ?1,800,000; and ?1,450,000, respectively. The appropriate discount rate is 11%.

Question 1: How much is the recoverable amount? (Note: round-off present value factors to four (4) decimal places i.e. x.xxxx)

Reference no: EM132517953

Questions Cloud

Summarize thoughts about relevancy of philosopher writings : Read about the different theorists and then summarize your thoughts about the relevancy of the philosopher's writings to today's healthcare issues.
Do think transfer pricing is useful to firms that operate : Do you think Transfer pricing is useful to firms that operate in the Pacific Island Countries? Justify your response with appropriate examples
Leadership theories grading guide : As a leader, you often need to display or clarify a concept. A matrix is a grid that contains information and offers a visual model of ideas.
How do you define ethics in personal and professional sense : Journal Entry for Week 1 is a reflective essay describing your personal stance on ethics in healthcare. Review the theorists by reading Chapter 1 "Practical.
How much is the recoverable amount : The appropriate discount rate is 11%. How much is the recoverable amount? (Note: round-off present value factors to four (4) decimal places i.e. x.xxxx)
Describe the functional organizational structure : Define the concepts: Functional organizational structure, Functions and responsibilities of a health care manager, Strategic problem solving.
Discuss what advice do have for helen bedru : What advice do you have for Helen Bedru? Support your response with sufficient and sound reasoning. Curious as to how the improvement would be accomplished
MKT7001 Consumer Behaviour Assignment : MKT7001 Consumer Behaviour Assignment Help and Solution, Cardiff School of Management - Assessment Writing Service - Demonstration of evaluation and analysis
Should osama bin laden have been taken alive : Should Osama Bin Laden have been taken alive? What are the due process protection questions in light of the creation of the Department of Homeland Security?

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