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?
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Explain one social and political influence
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Why is a preference share called hybrid security
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Activity - technology classification
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Discussion is about voting
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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
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Calculate the npv of the proposed refunding
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Wide range of unresolved social problems
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Calculate the depreciation tax shield
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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.)
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