Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Carina Co. Ltd. has the following information relating to a machine at 31 December, 2018, the financial year-end day:
Cost $1,000,000
Accumulated depreciation $200,000
Value-in-use $500,000
Fair value $600,000
Cost of disposal $20,000
Carina will continue to use the machine and is depreciating this machine using straight-line method. This machine has a remaining useful life of 5 years with no salvage value. Financial year-end is 31 December. Required: (Provide detailed workings as necessary)
Problem (a) Prepare the journal entries (if any) to record the impairment of the machine at 31 December, 2018.
Problem (b) Prepare journal entry to record depreciation expenses for 2019.
Problem (c) Recoverable amount of the machine at 31 December, 2019 is $680,000, prepare journal entry (if any) relating to this.
Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, What is the optimal mix of sweatshirt
The average income tax rate of 40% applies to all items except the dividends. Calculate the December ending balance of retained earnings
Prepare journal entries to record the first tow interest payments and to accrue interest as of December 31, 2015
Most book publishers pay authors a percentage of the revenue from book sales. Explain the conflict that this creates between publishers and authors.
Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income statement.
You are a financial analyst for a major consumer products company. They are considering the product launch of a new cereal with the following expenditures.
Konrade's Engine Company has the option of purchasing the part from an outside supplier
Decision trees are superb tools for helping you to select between several courses of action. They provide a highly effective structure in which you can lay out options and investigate the possible outcomes of choosing those options. They also help..
What is the Beta coefficient for Concordia. What is Concordia's required rate of return on any new investments Explain your answers. What is the equation for the Security Market Line (SML)? Show the equation and graph the equation on a graph. Expla..
in the current year david and debbie wayland both successful physicians made a cash investment for a limited
grissom company estimates that variable costs will be 60 of sales and fixed costs will total 812700. the selling price
under the allownace method of accounting for bad debts the entry to write off an account that has been deemed
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd