Reference no: EM132950260
Questions -
Q1. An equipment of KAY 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, 2021, and 2022, are 2,000,000; 1,800,000; and 1,450,000, respectively. The appropriate discount rate is 11%. How much is the recoverable amount?
Q2. An equipment of KAY 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, 2021, and 2022, are 2,000,000; 1,800,000; and 1,450,000, respectively. The appropriate discount rate is 11%. How much is the impairment loss?
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Find the amount of gross profit on the income statement
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Prepare an absorption-costing income statement
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Which is a mixed cost
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Calculate the average accounting return
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How much is the recoverable amount
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What is a market research design
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What is self awareness
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What amount of transaction price company for alana corp
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Prepare journal entry to record depletion expense
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