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Question - ABC Ltd acquires some machinery at a cost of $250 000 on 1 July 2021. On 30 June 2022, the machinery, which has an accumulated depreciation balance of $40 000, is assessed as having a fair value equal to $200 000. ABC Ltd measures machinery at fair value. Provide the journal entries to reflect the revaluation decrement.
What does initial estimated gross profit mean? Is it =revenue- total cost? But Understand how to get the estimated cost. The answer makes me confused.
Write a 1 page memorandum to the partners of Davis and Williams. Briefly describe the charities you selected (1-2 sentences) and your recommendation of which charity they should support.
Indicate how you might earn a risk-free profit by engaging in a forward contract. The US risk free rate is 4.5%, and the Japanese risk-free rate is 2.0%.
How much is the 20x1 adjusted total expenses? Yna Co. records all disbursements using nominal accounts (i.e., expense method).
What is the external financing needed (EFN) for next year (in $ million)? The company is expected to pay NO dividend next year and wants to keep its debt-equity
Marika is saving $50 per month. How much will she have in her account in five years if her account is earning 3.5% compounded monthly
Half of the treasury shares were reissued at P15 per share on March 31. Compute the book value per share on December 31, 2019
What is the purpose of internal controls? Companies create internal controls to protect assets and ensure reliable accounting./ Companies use strong internal
Beyond that time, Video Toys's dividends are expected to grow at 4 percent per year. What is the current value of a share of Video Toys common stock
Discuss Why is recognition of unearned revenue a negative adjustment on the statement of cash flows? Why is deferral of unearned revenue a positive adjustment
On January 1, 2023, the lease agreement is modified, What is the balance of the lease liability as of January 1, 2023 after considering the modification?
The difference between the implied value and the book value of the company is calculated to be $200,000. Per review of the financial information provided by the company, the difference relates to tangibles and intangibles. Tangibles – Inventory and P..
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