Reference no: EM132798064
Question - Liverpool plc has the following land and building in its financial statements as of 30 June 2017.
Residential land £1,000,000
Factory land 900,000
Building 800,000
Accumulated depreciation for building (100,000)
Total: 2,600,000
At 30 June 2017, the balance of the revaluation surplus is £400,000, of which £300,000 relates to the factory land and the £100,000 to the buildings. No revaluation loss has been recognised. On this same date, independent valuations of the land and building are obtained. In relation to the above assets, the assessed fair values at 30 June 2017 are:
Residential land £1,100,000
Factory land 700,000
Building 900,000
Please provide journal entries to account for the revaluation on 30 June 2017. Liverpool plc classifies the residential land and the factory land as different classes of assets, and it uses the revaluation method for all property, plant and equipment.
|
What is fema response plan for flooding
: What is FEMA response plan for flooding and their dependencies or relationships with other agencies
|
|
How as the business changed since covid
: The advent of COVID 19 has tested business continuity plans across the world and in many cases, caused organizations to drastically change the way they operate.
|
|
Important benefits of outsourcing
: What do you believe are the nine most important benefits of outsourcing?
|
|
Determining a company philosophy on disability management
: Determining a company's philosophy on disability management is a fundamental step.
|
|
Please provide journal entries to account for revaluation
: At 30 June 2017, the balance of the revaluation surplus is £400,000, of which £300,000 relates to the factory. Please provide journal entries to account
|
|
Examples of improper utilization and associated pitfalls
: Provide examples of improper utilization and associated pitfalls/repercussion of (TikTok)
|
|
Describe the health care organization or network
: Describe the health care organization or network. Prepare a strategic plan to address issues pertaining to network growth, nurse staffing, resource management.
|
|
What is the company breakeven point given the sales mix
: The budget assumes the sale of 20,000 units of Chilli, 100,000 units of Vegetable Soup, What is the company breakeven point given the sales mix
|
|
Explain how you will convey the information to the employee
: Explain how you will convey the information to the employee (i.e., in writing, verbally, through technology, in person) and why you chose this method
|