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An item of plant was purchased for $100,000 on 1 January 2009. At that time its estimated residual value was $5,000. At 31 December 2009 prices, the residual value was estimated at $5,200. By 31 December 2010 this had risen to $5,500. In 2009 the asset was initially depreciated straight line over 40 years. Due to lower performance than expected, at 1 January 2010 the total useful life of the machine was revised to 30 years. No further revision to the useful life was necessary at 31 December 2010.
The entity uses the cost model for this class of assets. Depreciation adjustments are made annually as part of the year end process.
Requirement
Determine the carrying amount of the plant at 31 December 2010.
Part I: Wal-Mart Stores Inc.'s income statement and balance sheet are attached. Gather relevant information from the financial statements to calculate the financial ratios, and co
The business is considering two proposals for their promotions of the professional courses.Proposal one could give a stable return throughout the period. Proposal Two would give hi
On December 31, 2004, International Refining Company purchased machinery having a cash selling price of $85,933.75. The company paid $10,000 down and agreed to finance the remainde
petra corporation purchased P4,000 worth of merchandise on account terms 2/10, n?30, FOB shipping point. Prepaid transportation charges of P200 were added to the invoice.
Consider a multinational listed company that has recently carried out an acquisition. You may also select a company that carried out an acquisition long ago as long as there is inf
i need help with my project
One of the initial and the most general questions regarding an investment optional is the time period needed to double the investment. One clear way is to consider to the table of
Refer to Figure, using the Mason's gain formula, determine the transfer function of the system.
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please help me on the current lay out of the departmental accounts
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