User Account

All Pages

Make critical analysis fair value verus historical cost

Assignment Help Accounting Basics
Reference no: EM132685376

Problem a) 'X' Ltd. has been measuring a Machine on Balance Sheet based on the historical cost of $50,000. In the current year, the Directors would like to change to measure that item based on the fair value of $70,000. Make a critical analysis between fair value and historical costs.

Problem b) Analyse the conditions for using accounting based earnings rather than market information for fixing manger's bonus.

Reference no: EM132685376

Questions Cloud

Which contingent consideration should be valued at : Which Contingent consideration should be valued at? the acquirer's pro-rata share of the subsidiary's net assets at book value at the date of acquisition.
Explain two-component regulatory systems : Defend why is it unsurprising that two-component regulatory systems are all but absent in bacteria that live at the expense of a host?
Differences in metabolic abilities : Describe some ways that differences in metabolic abilities can be used to identify microbes
Why mrna has short lifespan than trna and rrna : Why mRNA has short lifespan than tRNA and rRNA
Make critical analysis fair value verus historical cost : Make critical analysis fair value verus historical cost. 'X' Ltd. has been measuring a Machine on Balance Sheet based on the historical cost of $50,000.
Describe the four types of symbiosis : define symbiosis and describe the four types of symbiosis 2. what is an opportunistic pathogen and what conditions provide opportunities from them
What nervous system disease were the prisoners : What nervous system disease were the prisoners suffering from, and what was the specific organism involved?
Describe the stages of bacterial growth : Describe the stages of bacterial growth and explain how it mimics the stages of infectious disease
Provide two reasons why is possible for bon-licious burger : Burger Queen sells them for $12.89 each. However, Bon-licious Burger makes a bigger profit. Provide two reasons why this is possible

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss harris corporation produces a single product

Harris Corporation produces a single product. Last year, Harris manufactured 33,930 units and sold 28,300 units

  What are the features that distinguish job order costing

The computer workstation furniture manufacturing that Santana Rey started is progressing well. At this point, Santana is using a job order costing system.

  Compute Anna net rent income or loss

Compute Anna's net rent income or loss and the amounts she can itemize on her tax return, using the court's approach to allocating property taxes and interest

  Y company offers its customers credit of 210n 30 most

y company offers its customers credit of 210n 30. most customers take advantage of the cash discount mailing their

  The proposed quality control system involves the purchase

the brisbane manufacturing company produces a single model of a cd player. each player is sold for 210 with a resulting

  Analyse the folowing costs

analyse the folowing costs betweeni direct materialsii direct labouriii

  Governmental & not-for-profit accounting

Governmental & Not-for-Profit Accounting

  Preferred stock was purchased at its par value of 24000 the

linda clark received 182000 from her mothers estate. she placed the funds into the hands of a broker who purchased the

  In two to three paragraphs describe the sarbanes-oxley act

in two to three paragraphs describe the sarbanes-oxley act and why it is important to the accounting profession.name

  What is the companys quick ratio possible answers 07 12 15

what is the companys quick ratio? possible answers 0.7 1.2 1.5 2.5. assets cash is 4000 accounts receivable is-10150

  Ace company purchased a machine valued at 320000 on august

ace company purchased a machine valued at 320000 on august 1. the equipment has an estimated useful life of five years

  Doaktown products manufactures fishing equipment for

doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two

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