User Account

All Pages

What is the total cost of equipment to be capitalized

Assignment Help Accounting Basics
Reference no: EM132911027

Question - On January 1, 2014, NFL purchased equipment to be used for mixing its products at a cash price of P500,000. In addition to the cash payment, the entity incurred the following cost: freight cost - P20,000; assembly cost - P30,000; cost of trial runs - P50,000; removal cost of old equipment- P60,000; nonrefundable import duties - P40,000; creditable value added tax - P60,000; insurance of the equipment for the year 2014 - P10,000. What is the total cost of equipment to be capitalized by NFL on January 1, 2014?

Reference no: EM132911027

Questions Cloud

Research - review and report on coaching strategy : Evaluating a coaching strategy for its success and recommend improvements to promote opportunities for coaching in accordance with individual and organisational
What is the total cost of land to be capitalized by WTP : WTP acquired a building by issuing bonds payable with face value of P5,000,000. What is the total cost of land to be capitalized by WTP on July 1, 2014
Explain whether gap partners should tender for audit work : Great Accounting Partners (GAP) is a mid-size audit firm. Explain whether GAP Partners should tender for the audit work for the potential new client.
Explain reasons why tanya conclusion is incorrect : Identify and explain two (2) reasons why Tanya's conclusion is incorrect. You are the audit senior at Best Accountants and are conducting audit of Revglow Ltd.
What is the total cost of equipment to be capitalized : Creditable value added tax - P60,000; insurance of the equipment for the year 2014 - P10,000. What is the total cost of equipment to be capitalized
Identifying implementation strategies of coaching program : Identifying the implementation strategies of the coaching program. You are required to recruit and select coach and trainees and then induct, match and brief
Influenced CyberLaw : Analysis of how the film or the events surrounding it have influenced (or will influence) CyberLaw.
Adjust the june financial report : Adjust the 30 June 2021 financial report. On 1 August a lawsuit was filed against BB Ltd for damages that allegedly occurred before 30 June.
Globalization-embracing the global generation : Coleman, J., Gulati, D., & Segovia, W. O. (2012). Passion and purpose: Stories from the best and brightest young business leaders. Harvard Business School

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