User Account

All Pages

What amount credited to accumulated depreciation- equipment

Assignment Help Accounting Basics
Reference no: EM132683185

Freeman Company determined that its Clooney division is a cash generating unit. The company calculated the value in use of the division to be P24,000,000. The assets of the CGU at carrying amount are as follows : Building P15,000,000; Equipment 9,000,000; Inventory 6,000,000. The entity has also determined that the fair value less cost of disposal of the building is P13,500,000. In recording the impairment,

Problem 1: What amount is credited to Accumulated depreciation-Building?

Problem 2: What amount is credited to Accumulated depreciation - Equipment?

Problem 3: What amount is credited to Inventory?

Reference no: EM132683185

Questions Cloud

Company assess its sustainable growth rate : How does a company assess its sustainable growth rate (SGR)? How does a firm use the SGR in decision making?
How robust or intense is competition in particular industry : Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
Lean manufacturing techniques : Define the purpose and concepts of "Lean Manufacturing Techniques." Evaluate ways the firm can go even further to make improvements using lean techniques.
Demonstrate comprehension of qualitative research studies : Write a critical appraisal that demonstrates comprehension of two qualitative research studies. Use the "Research Critique Guidelines - Part 1" document.
What amount credited to accumulated depreciation- equipment : What amount is credited to Accumulated depreciation - Equipment? What amount is credited to Accumulated depreciation-Building?
Describe strategies for safe nursing care for clients : Describe strategies for safe, effective multidimensional nursing care for clients with acid-base imbalances. Tony is a 56-year-old, Hispanic male that presented
Propose the social cause for your organization : Propose the social cause for your organization and how it supports the mission, vision, and values of the organization.
What amount credited to accumulated depreciation- equipment : What amount is credited to Accumulated depreciation - Equipment? What amount is credited to Accumulated depreciation-Building?
Specific interagency task force : What is helpful in this exercise is to select a specific interagency task force and select two terms that might be useful.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd