User Account

All Pages

What is the total capitalised cost of the asset at the year

Assignment Help Accounting Basics
Reference no: EM132823448

In the year ending 31/12/X9, a company purchased machinery costing £80,000. Other costs relating to the machinery in the year were as follows:

Transport and installation £10,000
Testing and set up £2,000
Staff training £5,000
Maintenance £1,500

Problem 1: According to IAS 16 Property, Plant & Equipment, what is the total capitalised cost of the asset at the year ending 31 Dec X9?

A. £97,000
B. £92,000
C. £90,000
D. £98,500

Reference no: EM132823448

Questions Cloud

Disadvantage of using a job classification approach : What information could you use to show the executive team one primary disadvantage of using a job classification approach?
Identify potential prevention strategies for each hazard : Older adults (OA) are at risk for potential hazards of hospitalization, these include: immobility, delirium, medication side effects, malnutrition.
Which is the correct treatment in the financial statement : If the property is now revalued at £530,000, which of the following is the correct treatment in the financial statements for the year ending 31 Mar X5?
Explain the process of immunosuppression : The purpose of this paper is to examine a case study and analyze the symptoms presented. You will identify cell, gene, and/or process elements that may be.
What is the total capitalised cost of the asset at the year : In the year ending 31/12/X9, According to IAS 16 Property, Plant & Equipment, what is the total capitalised cost of the asset at the year ending 31 Dec X9?
Behaviour and performance at corus entertainment : Corus Entertainment is a national media company with holdings that include radio stations, television stations and speciality channels such as YTV, Treehouse, N
Determine the relevant market for a survey : What factors determine the relevant market for a survey? Why is the definition of the relevant market so important?
What are Ali next steps : What are Ali's next steps? Before answering that question, think about Ali's situation in terms of the four guiding questions: What? So What
Explore change and sources of resistance : While change can be described as an inevitable part of life, no progress can be attained without change. This week, we will explore change and sources.

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