Reference no: EM132568057
On 1 July 2019, LongWaves Ltd purchased an item of machinery for $198,000. The machinery has a useful life of 4 years and a residual value of $30,000. The machinery is to be depreciated on a straight- line basis. The following information relates to the purchase of the machinery:
Cash paid for machinery (includes GST $18,000) $198,000
Costs of transporting machinery 4,000
Labour costs of installation by expert fitter 3,500
General insurance costs for 2019-2020 4,500
Costs of training salesmen to market the new product 2,500
made by this machinery
Required:
Question1 : Determine the amount that the machinery should be recorded for in the records of LongWaves Ltd at 1 July 2019.
|
Determine the basic earnings per share for amd bhd
: Determine the basic earnings per share for AMD Bhd for the year 2018 and 2019. provide immediate fresh capital for the group ongoing expansion
|
|
Describe how you would reduce potential vulnerabilities
: In today's world, both government and the private sector are struggling to provide a secure, efficient, timely, and separate means of delivering essential.
|
|
Prepare the asset section of a classified balance sheet
: Prepare the asset section of a classified balance sheet for Hasbro, Inc., assuming Hasbro follows ASPE. December 31, 2017, by Hasbro, Inc., leading manufacturer
|
|
How much of the money in Bruce account was earned
: Bruce just turned 18 and the balance of his account is now $12,040.71. How much of the money in Bruce's account was earned in interest
|
|
How to determine the amount that the machinery should be
: On 1 July 2019, LongWaves Ltd purchased, Determine the amount that the machinery should be recorded for in the records of LongWaves Ltd at 1 July 2019.
|
|
Unit 04 Advanced Business Research Methods Assignment
: Unit 04 Advanced Business Research Methods Assignment Help and Solution, Level 7 Diploma In Strategic Management And Leadership - Assessment Writing Service
|
|
Identify the benefits and challenges associated with concept
: As outlined within this weeks topic, there are several benefits as well as challenges associated with the use of Big Data Analytics in the e-Healthcare.
|
|
Prepare the journal entry to record the return of machines
: The lease term, the residual value of each DVD is only $70. Prepare the journal entry to record the return of the machines by Zhiyin Huang.
|
|
Prepare the journal entries to record the mortgage loan
: Prepare the journal entries to record the mortgage loan on November 30, 2017, and the first two payments on December 31, 2017
|