Solution-Pass the necessary entry in june

Pass the necessary entry in june

Assignment Help Cost Accounting

Reference no: EM133039023

Question - Pass the necessary entry in 30 June 2020 to eliminate the intra-group transfer of equipment On 1 July 2019 Manila Ltd sold an item of plant to Tokyo Ltd for $600,000 when its carrying value in Manila Ltd book was $800000 (costs $1200,000, accumulated depreciation $400,000). This plant has a remaining useful life of five (5) years form the date of sale. The group measures its property plants and equipment using a costs model. Tax rate is 30 percent.

Reference no: EM133039023

Questions Cloud

Eliminating modern slavery from supply chains : How does Nestle link rewards and incentives to strategically-important employee behaviours and the company's targeted sustainability outcome?

What is business ethics : What is business ethics, and what are some significant issues that businesses face today?

What is its expected recovery from defaulted consumer : Given a concentration limit of 0.35 (i.e., 35 percent of capital) it sets for the consumer sector, what is its expected recovery from defaulted consumer loans

Employee engagement in generating satisfaction : Managers would like to know the answer to two very important questions: (1) Are satisfied (happy) employees more productive than unsatisfied (unhappy) employees

Pass the necessary entry in june : Pass the necessary entry in 30 June 2020 - On 1 July 2019 Manila Ltd sold an item of plant to Tokyo Ltd for $600,000 when its carrying value in Manila Ltd book

What are the effects of the statutory contract : Explain to a client why the rules governing the internal administration and management of their company are ‘replaceable'

Determine the target cost per unit for the filter : Market research indicates that 1,000,000 units can be sold if the price is no more than $3. Determine the target cost per unit for the filter

Design a short covid policy : You are the manager at a local restaurant. You have 40 employees total. Your restaurant has been hit hard by the COVID crisis but you are still in business.

How many applications can be processed per hour : How many applications can be processed per hour if a second clerk is added to check for violations and restrictions while all other operations continue

User Account

All Pages

Pass the necessary entry in june

Reference no: EM133039023

Reference no: EM133039023

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT