User Account

All Pages

Interpret how the amounts will be dealt

Assignment Help Accounting Basics
Reference no: EM132940742

Question - HSL Pte Ltd is a leading manufacturer of semiconductor components for the electronics industry. On 3 February 20X1, the company purchased an equipment costing $200,000 to make a specialized component. The company paid $10,000 for the costs of site preparation and $5,000 for installation and commissioning. As no technician in the company were trained to operate the equipment, the company spent an additional $4,000 to send four technicians for training. The equipment can only be operated by trained qualified technician. Interpret how the above amounts will be dealt with in the financial statements of HSL Pte Ltd for the year 20X1.

Reference no: EM132940742

Questions Cloud

Create a team based high performance culture : Critically evaluate the effectiveness of different approaches and the relationships between effective people management and organisational performance
How should hr take a leading role in helping the industry : How should HR take a leading role in helping the industry, and the workforce, to adapt to changing business requirements
What steps should be taken to fix the problem : What steps should be taken to fix this problem? If not, why not? When an employee needs a special item that is not in inventory.
Implement an employee engagement program : Outline how you would implement an employee engagement program
Interpret how the amounts will be dealt : The equipment can only be operated by trained qualified technician. Interpret how the above amounts will be dealt with in the financial statements
Discuss three recruiter traits or behaviour : Identify and discuss three (3) recruiter's traits or behaviour which Recruiters should possess, to enhance the success of the recruitment process.
Six ethical frameworks : Discuss the following scenario. Which one of the "Six Ethical Frameworks" applies? Why? (ULO 3) Jenna is a new recruiter for a large staffing agency.
What are some things analysts should be aware : What are some things analysts should be aware of as they read through the projected financial statements provided by management in the annual reports?
When you think about the study of philosophy : Choose someone from traditional philosophy (Aristotle, Plato, Socrates, Kant) or in the modern world (e.g., writer, celebrity, athlete, politician)

Reviews

Write a Review

Accounting Basics Questions & Answers

  For march sales revenue is 1000000 sales commissions are 4

for march sales revenue is 1000000 sales commissions are 4 of sales the sales managers salary is 80000 advertising

  What is the carrying amount of the plant and equipment

At year-end, Bale Company has a CGU assets, What is the carrying amount of the plant and equipment after recording the impairment loss?

  Compute the budgeted maintenance cost per machine-hour

If 8,000 machine-hours were actually worked during June, the budgeted maintenance cost per machine-hour was

  Golf specialties golf specialties gs a belgian company

golf specialties golf specialties gs a belgian company manufactures a variety of golf paraphernalia such as head covers

  Compute the cost of materials used for production

During the year, Davis purchased raw materials worth $100,000. Compute the cost of materials used for production during the year

  Measure estimated overhead cost expected activity

Measure Estimated Overhead Cost Expected Activity

  Company x has net sales revenue of 1250000 cost of goods

company x has net sales revenue of 1250000 cost of goods sold of 760000 and all other expenses of 290000. the beginning

  Explain three basic principles of contract law

Explain three basic principles of contract law and why it is essential for compliance that these are followed. Explain duty of care principles for financial.

  Accounting firms independence

An accounting firm's independence is most likely to be impaired when:

  Compute the amount of bond interest expense to be recognized

If Franklin uses the straight-line method of amortization of bond premium, compute the amount of bond interest expense to be recognized on July 1

  Research how financial market influence the global economies

Choose 4 financial markets or institutions. Briefly explain what each specializes in (mortgages, stocks, government securities, etc.).

  Determine the cost of goods sold expense

Determine the cost of goods sold expense assuming Kramer had used the LIFO method instead of the FIFO method

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