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Resorts Ltd. has occupied its plant facility for 15 years, about one-third of its expected useful life. Although still very functional, numerous repairs have been required in recent months. Te accounts indicate the original cost of the plant building was $500. The entire inside of the plant was painted at a cost of $2; the old wooden rood was replaced with a new one at a cost of $45; and part of the plumbing system was upgraded at a cost of $25 due to a change in the manufacturing process used. The plan was closed down while the roof was replaced, but overhead and administrates costs of $10 continued to be incurred even though production was at a standstill. The original rod had been identified as a separate component of the building when it was constructed with a cost of $30 and a useful life of 20 years. No separate records were kept of the original cost of the plumbing or painting.
Prepare entries to record the recent repairs. (Considering IFRS, PP&E IAS No.16)
In a job order cost accounting system, the entry to record the flow of direct materials into production is:
determine the rate variance, time variance, and total direct labor cost variance. discuss what might have caused these variances.
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Jamison owns a cabin in Mammoth and travels there for maintenance three times a year. The round trip to Mammoth from San Diego where Jamison lives, is approximately 450 miles. How much travel costs can Jackson deduct per year related to his renta..
What are the organisational ethical leadership problems that resulted in columbia/HCA's mis conduct and what other suggestion could columbia/HCA have implied to sensitize its employees to ethical issues
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Prepare a summary of information with appropriate cross referencing between sources and paraphrase and appropriately reference source material (Harvard style referencing).
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On January 31, 2010, Janet won the lottery and on the same day she decided to repay all of her original debts to everyone whom she owed money. Prepare the journal entry to record Walter's unexpected receipt of Janet's payment.
Determine the investment’s net present value, the internal rate of return and payback period. All key assumptions should be specified and explained.
Presentation of financial statements - Approaches to cost control: beyond budgeting
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