Jjs corporation purchased a building on january 1 2009 for

Assignment Help Accounting Basics

Reference no: EM13607259

. As of January 1, 2013, JJS is evaluating the building for possible impairment. The building has a remaining useful life of 12 years JJs Corporation purchased a building on January 1, 2009, for a total of $12,000,000. The building has been depreciated using the straight-line method with a 20-year useful life and no residual valueand is expected to generate cash inflows of $850,000 per year. The estimated fair value of the building on January 1, 2013, is $6,800,000.

Assume that JJS is a non-U.S. company and uses international accounting standards. Compute depreciation expense for 2013.

Reference no: EM13607259

Questions Cloud

A positive charge of 1100 c is located in a uniform field : a positive charge of 1.100? c is located in a uniform field of 8.50times104 nc. a negative charge of -0.400? c is

Assuming that the bingham company had inventory on hand of : the following are budgeted data for the bingham company a merchandising companybudgeted sales at retailjanuary

I the heights for a certain type of cereal and box have a : cereal is sold by weight not volume. this introduces variability in the volume due to settling. as such the height to

If a convection coefficient of 500 wm2middotk is maintained : as part of a heat treatment process cylindrical 304 stainless steel rods of 100-mm diameter are cooled from an initial

Jjs corporation purchased a building on january 1 2009 for : . as of january 1 2013 jjs is evaluating the building for possible impairment. the building has a remaining useful life

A small object of mass 240 g and charge -15 microc floats : a small object of mass 2.40 g and charge -15 microc floats in a uniform electric field. what is the magnitude and

If we roll a pair of fair 6 sided die let z denote the max : if we roll a pair of fair 6 sided die let y denote the difference between the two outcomes on the two different dice.

E18-4 recognition of profit on long-term contracts during : e18-4 recognition of profit on long-term contracts during 2007 pierson company started a construction job with a

Particle a of charge 400 10-4 c is at the origin particle : particle a of charge 4.00 10-4 c is at the origin particle b of charge -5.00 x 10-4 c is at 7.00 m 0 and particle c of

User Account

All Pages