User Account

All Pages

How much the cost of the new machinery

Assignment Help Accounting Basics
Reference no: EM132594835

Question - ABC Company exchanged machinery with a cost of £350,000 and accumulated depreciation of £120,000 and a fair value of £200,000. It received in exchange from CBS Company a new machine with a list price of £180,000 and cash of £20,000 (cash received, not paid). The transaction has no commercial substance. How much the cost of the new machinery that ABC Company records?

Reference no: EM132594835

Questions Cloud

How explain accounting principle or concept : How explain accounting principle or concept that would apply in order to rectify the situation and provide the necessary advise/explanation to the management
Economies of scale and economies of scope : Describe activities in your organization or other organizations that result in economies of scale and economies of scope.
Identify and describe one advantage of issuing bonds : The stated interest rate is also referred to as the coupon rate. Identify and describe one advantage of issuing bonds
Prepare statement of profit or loss for month ended march : Prepare Statement of Profit or Loss for the month ended 31 March.Sankey received a cheque for RM1,200 from W. Abbot which was paid directly into the bank.
How much the cost of the new machinery : The transaction has no commercial substance. How much the cost of the new machinery that ABC Company records
Write an essay about current status and future of nosql : Write an essay (1000 words) about current status and future of NoSQL. (you may include also some types of NoSQL with description, some concept about.
Evaluating the practices and managerial techniques : Write a case study about a current, creative organisation, evaluating the practices and managerial techniques which it uses to assess and encourage
President formal and informal powers : Among a president's formal and informal powers none is more important than that of commander-in-chief.
Current account and financial account in balance of payments : Propose the similarities and differences of the current account and financial account in the balance of payments structure

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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