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Question - At 30 June 2017, there was an indication that Botany Ltd's machinery might be impaired. In preparing for the impairment testing, you have estimated, as at 30 June 2017, the piece of machinery's fair value less costs of disposal to be $350 000 and its value in use to be $354 000. The machinery had been purchased and installed on 1 October 2016 for $625 000 cash, with a residual value of $25 000 and useful life of 10 years. Botany Ltd uses the straight-line method of depreciation for this machinery. What would be the impairment loss recorded at 30 June 2017?
duke associates antique dealers purchased the contents of an estate for 37500. terms of the purchase were fob shipping
MCSA consist of these 2 classes and 1 exam: they are $2,975.00 each and are 5 days each. The exam is $200.00. Max number of students per class is 20.
renfree mines inc. owns the mining rights to a large tract of land in a mountainous area.the tract contains a mineral
The current tax law system in the United States has emerged over many years from statutory, administrative, and judicial sources. These sources are continually changing and new laws are introduced at least annually.
A mining company declared a liquidating dividend. the journal entry to record the declaration must include a debit to:
What are the variables of a regression analysis, and how do they affect the results of the analysis? What challenge does this pose to getting reliable results?
A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for 12 semiannual payments of $39,014.40. The first payment is due at the inception of the lease. The annual rate on the lease is 6%. What is the value..
Warner Brothers Studios uses the sum-of-the-years-digits method of depreciation. Compute the book value at the end of the third year
citizens bank has several departments that occupy both floors of a two-story building. the departmental accounting
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
As part of the initial investment, Omar contributes accounts receivable that had a balance of $25,000 in the accounts of a sole proprietorship. Of this amount, $1,150 is completely worthless. For the remaining accounts, the partnership will establ..
For the model of the EUR/GBP exchange rate discussed in Exercise 25, what would the cutoff rates be that would separate the a) highest 16% of EUR/GBP rates?
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