Make the statement of financial position extract at dec

Assignment Help Financial Accounting

Reference no: EM132713729

Alaba Bhd rents out cars to tourist visiting an island. The cars were bought three years ago at a total cost of RM250,000 and being written off over period of five years. Recently, tsunami hit the island and the demand for the car-hire has dropped tremendously. Hence, Alaba Bhd could only generate RM25,000 cash per annum in x5 and x6. Alternatively, Alaba Bhd can sell the cars at a net selling price of RM40,000.

Required:

Problem 1: Calculate the impairment loss and prepare the statement of financial position extract at 31st December x4, assuming that Alaba Bhd's pre-tax cost of capital is 10%.

Reference no: EM132713729

Questions Cloud

Five basic approaches to leadership-trait approaches : There are five basic approaches to Leadership: Trait approaches (Leadership traits and Gender studies)

Definitions and challenges of EBD : Compare and contrast the reading assignments for this module with the above discussions and summarize the difficulty of categorizing the definitions

Different research methodologies : Create a presentation describing 9 different research methodologies and designs that you find interesting.

What needs to be revised your thesis : See whether each paragraph plays a role in supporting your thesis. What needs to be revised - your thesis? Or the order of the points in your argument?

Make the statement of financial position extract at dec : Solve the impairment loss and prepare the statement of financial position extract at 31st December x4, assuming that Alaba Bhd's pre-tax cost of capital.

What is the first control listed in the iso27002 : A colleague asks you describe the two most important characteristics of this first control. How would you answer this colleague?

Addressing key human resource functions : In what ways can decisions about staff development affect a public health organization's staffing plan?

Make the ledger entries to record the transactions : Cheers Bhd. with an authorised capital of 60,000,000 ordinary shares of RM1. Prepare the ledger entries to record the above transactions.

What might be happening with simon : Simon, a 16-year-old male, has always performed adequately in school. This semester his math scores dropped from Bs to Fs, but his other grades have remained.

User Account

All Pages