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!
Question - Dolly is a freelance photographer running her own sole trader business.
She has the following existing plant and equipment recorded on her uniform capital allowances schedule
Plant on hand
Item
Cost $
OAV at 1.7.2019
Rate
Furniture office
14,600
6,000
10% diminishing value
Film equipment
25,000
18,000
40% diminishing value
Editing equipment
30,000
22,000
20% diminishing value
Computer System
12,000
20% prime cost
During the year she made some new purchases and disposals are as follows:
Purchases
Purchase date
Price $
Effective life
Film Equipment
1.10.2019
35,000
4 years
Camera 1
16.1.2020
5,800
5 years
Camera 2
1.6.2020
1,500
2.5 years
Sales
Sale date
Sale price $
32,000
Furniture Office
5.5.2020
4,000
30.6.2020
5,000
Required - Prepare the uniform capital allowance schedule for Dolly based on the above information and taking into account she does not wish to use any SBE concessions.
Using the following accounts and balances taken from a year-end balance sheet, compute working capital and the current ratio
Prepare the appropriate journal entry for Brogan to record the income tax provision for the current year. Show well-labeled supporting computations.
a company purchased land for its natural resources at a cost of 1570000. it expects to mine 2175000 tons of ore from
Norm's car, which he uses 100% for personal purposes, was completely destroyed in an accident in 2014. What is Norm deductible loss
pats electronics division sells computers through agents in various cities. agents send orders and down payments to our
All-Fixed Costs The New York Company has built a massive water-desalting factory next to an ocean. The factory is completely automated.
The company has fixed expenses of $100,000 and variable expenses of $1.00 per package. Compute the contribution margin per package
A 8.30 percent coupon bond with 13 years left to maturity is priced to offer a 9.0 percent yield to maturity.
Prepare a Statement of Comprehensive Income, a Statement of Financial Position and a Statement of Changes in Equity for Star Ltd
Its salvage value is expected to be $50.00. If Glenmore uses straight line depreciation, what will the fax machine's net book value be at the end of 2008
Problem - Nash Corp. has three defined benefit pension plans as follows. How will Nash report these multiple plans in its financial statements
What step is not involved in setting up the payable's ledger? What mistakes cannot be corrected after you have entered the history for the payable's ledger
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