User Account

All Pages

What the correct amount included in the property is

Assignment Help Accounting Basics
Reference no: EM132704421

In preparing the 2016 draft financial statement of Swan Electric Company, the Building account of P4,200,000 to be reported under Property, Plant and Equipment included the following items:

  1. P450,000 in the process of development for sale
  2. P850,000 being developed as an investment property 
  3. P600,000 currently being redeveloped for continued future use as an investment property 
  4. P500,000 occupied by employees 
  5. P400,000 fair value of a building constructed by Storybrooke Realty to be used as substation by Swan Electric Company (for the use of Storybrooke Realty's homeowners).

Problem 1: The correct amount included in the Property, Plant & Equipment section is?

Problem 2: The amount presented under PAS 41 is ?

Problem 3: The mount presented under PAS 2 is ?

Reference no: EM132704421

Questions Cloud

What the borrowing costs capitalized at yearend is : What the borrowing costs capitalized at yearend is? On January 1, 2016 Sleepy Company hired Doc Construction to build its regional office building
Explain the concept of central dogma of biology : 1. Explain the concept of central dogma of biology
Calculate the amount of Walter allowable deduction : Walter's share of the partnership's losses was $30,000, Calculate the amount of Walter's allowable deduction for the partnership losses for 2018
What is the substrate in the chemical reaction : Explain how this enzyme is used. What is the substrate in the chemical reaction? And what is the product(s)?
What the correct amount included in the property is : In preparing the 2016 draft financial statement of Swan Electric Company, What the correct amount included in the Property, Plant & Equipment section is?
Explain controlling microbial growth in the environment : Imagine you are teaching a class on controlling microbial growth in the environment.
Eliminate harmful microbes from the area : They must design a strategy to eliminate harmful microbes from the area.
Find total cost of the machinery and equipment account is : Find total cost of the machinery and equipment account is? A mixing machine by issuing to the seller a three-year, non-interest bearing note for P800,000.
Calculate Sherry net income or loss from the vacation : Total real estate taxes for the home are $950, Calculate Sherry's net income or loss from the vacation home for this tax year

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