User Account

All Pages

What is the cost and the carrying value for the assets

Assignment Help Accounting Basics
Reference no: EM132845334

Question - Club York is located in the center of Sydney. In a major refurbishment, it purchased a new sound system and a new lighting system on 1 March 2019. The sound system cost $35,000 to purchase and $4,500 to install. The lighting system cost $55,000. The sound system has a useful life of 8 years and residual value $500. The lighting system has a useful life of 5 years and no residual value. Both are depreciated on a straight-line basis. Club York's accounting period ends on 30 June each year. It has adopted straight-line method of depreciation. What is the cost and the carrying value for the assets discussed above as at 30 June 2019.

Reference no: EM132845334

Questions Cloud

What are the best and worst case scenario NPVs : Scenario analysis Suppose you think that the unit sales, price, variable cost, and fixed cost projections given, What are the best and worst case scenario NPVs
Assessment of present and new target market segment : Analyze our competitive landscape and Identify trends and opportunities in our target markets - Identifying individual buyer personas for the four main service
How was darwin work on the evolution of species exploited : How was Darwin's work on the evolution of species exploited by proponents of the industrial age? Why might they have latched on to this idea in particular?
Why the lesson plan and assessments are appropriate : Select one of the standardized tools you researched in your "Clinical Field Experience B" assignment. Based on the developmental or academic area the tool.
What is the cost and the carrying value for the assets : It has adopted straight-line method of depreciation. What is the cost and the carrying value for the assets discussed above as at 30 June 2019
What are some ways to increase student engagement : Standardized assessment tools frequently require a substantial amount of sustained attention from the child being assessed. Without obtaining an appropriate.
Discuss the changing economic landscape of the united states : Discuss the changing economic landscape of the United States between the world wars. In your response, trace the highs and lows from the fallout of World War I
What amount should pharoah have charged to expense : The entire amount of $924000 was charged to rent expense in 2018. What amount should Pharoah have charged to expense for the year ended December 31, 2018
How the results of one of the assessments can be used : An example of how the results of one of the assessments can be used by the student's teacher to meet the educational needs of that student in the classroom.

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