Reference no: EM132951676
Question - On December 31, 2019,. A 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. How much is the revaluation surplus to be recognized by 2021?
|
M31223 Digital Business Consulting Project Assignment
: M31223 Digital Business Consulting Project Assignment Help and Solution, University of Portsmouth - Assessment Writing Service
|
|
What firm weighted average cost of capital for barton
: Barton Industries, What is the firm's weighted average cost of capital (WACC1) if it uses retained earnings as its source of common equity?
|
|
What is the operating cash flow for project for ernie
: What is the operating cash flow for this project? Ernie's Electrical is evaluating a project that will increase sales by $100,000 and costs by $70,000.
|
|
What will the after-tax salvage value of the equipment be
: What will the after-tax salvage value of this equipment be at the end of three years should you decide to resell the equipment for $50,000 at that point
|
|
How much is the revaluation surplus to be recognized
: On December 31, 2021, the asset is found to have a recoverable amount of P1,400,000. How much is the revaluation surplus to be recognized by 2021
|
|
What net present value of project if required rate of return
: At the end of Year 4 for an estimated net cash amount of $3,300. What is the net present value of this project if the required rate of return is 11.3 percent?
|
|
What the sale of inventory is recorded by
: What the sale of inventory is recorded by using two journal entries. One of the two journal entries is? Amazing Vacations sells inventory worth $32,000
|
|
Make the consolidation worksheet adjusting entries
: Make the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2021.
|
|
What is the break-even point in units for Poseidon Swim
: The variable cost per unit is $23.07, Poseidon Swim has average fixed costs per year of $56,078. What is the break-even point in units for Poseidon Swim
|