Reference no: EM133060669
Questions - The components of the cost of a major item of equipment are given below.
Purchase price £780,000 Import duties £117,000
Site preparation £30,000 Installation £28,000
General overheads £50,000 1,005,000
What amount should be recognised as the cost of the asset, according to IAS 16 Property, Plant and Equipment?
A company estimated that its tax liability for the year ended 30 June 20X1 was £113,000.
During the year to 30 June 20X2 the amount actually paid to Her Majesty's Revenue and Customs (HMRC) was £108,000. The estimate for the tax liability for the year ended 30
June 20X2 is £129,000. What amounts should be recognised in the financial statements for the year ended
30 June 20X2?
An asset with a fair value of £15,400 is acquired under a finance lease on 1 January 20X1 with a deposit on that date of £4,000 and four further annual payments on 31 December each year. The interest rate implicit in the lease is 15% and the actuarial method is used to allocate interest to accounting periods over the lease term. What is the total lease obligation (liability) at 31 December 20X1?
Explain one social and political influence
: Explain one social and one political influence these crimes and punishments had on the current U.S. criminal justice system.
|
Why is a preference share called hybrid security
: Why is a preference share called hybrid security? Do you agree that it combines the worst features of ordinary shares and bonds
|
Activity - technology classification
: Data capturing: data acquisition, data entry and data extraction etc - Data processing: data mining, data modelling, data clustering and data summarisation etc
|
Discussion is about voting
: How can we increase voter participation, or should we increase it so only more knowledgeable people vote? How do we increase knowledgeable voters?
|
What is the total lease obligation at December
: An asset with a fair value of £15,400 is acquired under a finance lease on 1 January 20X1. What is the total lease obligation at December
|
Calculate the npv of the proposed refunding
: Five years ago, Sportify Inc. issued a 20-year bond with an annual coupon rate of 12% to finance its $60 million oversea expansion (assume coupons are paid annu
|
Wide range of unresolved social problems
: From among the wide range of unresolved social problems, how and why are some problems redefined as public policy issues,
|
Calculate the depreciation tax shield
: Calculate the depreciation tax shield for this project in year 3. (Round your answer to 2 decimal places.)
|
What is the after-tax salvage value
: If the lathe can be sold for $5,000 at the end of year 3, what is the after-tax salvage value? (Round your answer to 2 decimal places.)
|