Just explain the part I added red notice for it, only how to get 390000( please show me numbers, the calculation, what to add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill Education, Australia
Homework Answers
As the impairment for land can't be exceed for $5,000. Therefore remaining impairment loss i.e. (30,000 -5,000) $25,000 allocated between the remaining assets at their carrying value.
| Assets | Carrying Value |
| Factory | 210,000 |
| Equipment | 120,000 |
| Machinery | 60,000 |
| Total | 390,000 |
Add Answer to:
Just explain the part I added red notice for it, only how to get
390000( please...
Just explain the part I added red notice for it( please show me numbers, the calculation,...
Just explain the part I added red notice for it( please show me
numbers, the calculation, what to add multiple, dividend to get
this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value in use of the division...
Just explain the part I added red notice for it, only how to get these numbers...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2019: Zhou Ltd Jan 1 $ 2019 Jan. 1 $ 60,000 June 30 Scrapped a piece of machinery that was purchased on 1 January 2009...
Just explain the part I added red notice for it Refrence Deegan. (2016). Financial Accounting ....
Just explain the part I added red notice for it
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
On 3 January 2017, Bennetti Ltd paid $33 000 net of GST for a machine with a useful life of 10 years and a residual value of $3000. On 31 December 2021, accumulated depreciation on the machine was $15 000. The machine was sold on 31 May 2022. Required (a) Prepare a...
Impairment of assets (i need PART B answer , PLEASE) Aero Ltd has determined that its...
Impairment of assets (i need PART B answer , PLEASE) Aero Ltd has determined that its aviation division is a cash–generating unit (CGU). Information as at 30th June 2020 is as follows: $ Buildings – At cost 600,000 Equipment – At cost 500,000 Inventory 25,000 Land 250,000 Receivables 150,000 Goodwill 90,000 Total 1,615,000 Additional information: Buildings - Accumulated depreciation as at 30 June 2020: $100,000 Equipment - Accumulated depreciation as at 30 June 2020: $200,000 Aero Ltd calculated the value...
Just explain the part I added red notice for it, only how to get these numbers...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Solution – Exercise 1 xercise 1 - Journal entries - Perpetual Inventory System + GST Requirementi Inventory 27 190 GST Paid 2 719 Accounts Payable 29 909 erryland's Markets had an inventory balance of $32,570 (excl. GST) at the...
Nasoso Ltd operates two hotels in the Nadi area. Hotel A1 provides up-market accommodation in beachside...
Nasoso Ltd operates two hotels in the Nadi area. Hotel A1 provides up-market accommodation in beachside bures while Hotel B2 provides budget accommodation in a 3-storey property. The two hotels share the same entrance and lobby. Each hotel has its own business licenses and staff. The two hotels are managed by one team of senior managers. Marketing and reservations are handled jointly and guests from both hotels can dine in any of the restaurants in either property. Part A The...
Please explain why the answer is 600,000 and how to calculate it with steps Use the...
Please explain why the answer is 600,000 and how to calculate it
with steps
Use the following data to determine the total dollar amount of assets to be classified as current assets. Koonce Office Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 210.000 30,000 240,000 $480,000 Cash $ 195,000 Accounts receivable 150,000 Inventory 165,000 Prepaid insurance 90,000 Stock investments 255,000 Land 270,000 Buildings $315,000 Less: Accumulated depreciation_(60,000) 255,000 Trademarks 210,000 Total...
how we get these numbers ( I circle them with red), please no need to explain...
how we get these numbers ( I circle them with red), please no
need to explain the logic behind it, just tell me what numbers you
take and add, multiple, divide ... to get these results ?
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QUESTION TWO Consolidation Worksheet Jacko Lid Jackson Ltd Consolidated statement Eliminations and adjustments Dr $000 $000 $000 S000 8000 7004 Reconciliation of opening & closing retained earnings Sales revenue less Cost of goods...
I still don't understand how we get 0.7 after adjustment, what is this adjustment, what numbers...
I still don't understand how we get 0.7 after adjustment, what
is this adjustment, what numbers we calculated to get it ? (
clearlyful ...How we get 0.7 ? where'd how exactly it came from
?
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Prepare the journal entries under both the cost and the equity method of accounting for the investment in Pa Ltd for the year ending 30 June 2020 (that is, two years after acquisition). LO 32.7...
P4-33 Consolidation Worksheet at End of First Year of Ownership LO 4-5 Price Corporation acquired 100...
P4-33 Consolidation Worksheet at End of First Year of Ownership LO 4-5 Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $128,000. At that date, the fair value of Saver's buildings and equipment was $20,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, Price's management concluded at December 31, 20X8, that goodwill involved in its acquisition of Saver shares had been impaired and the...
Just explain the part I added red notice for it( please show me
numbers, the calculation, what to add multiple, dividend to get
this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value in use of the division...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2019: Zhou Ltd Jan 1 $ 2019 Jan. 1 $ 60,000 June 30 Scrapped a piece of machinery that was purchased on 1 January 2009...
Just explain the part I added red notice for it
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
On 3 January 2017, Bennetti Ltd paid $33 000 net of GST for a machine with a useful life of 10 years and a residual value of $3000. On 31 December 2021, accumulated depreciation on the machine was $15 000. The machine was sold on 31 May 2022. Required (a) Prepare a...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Solution – Exercise 1 xercise 1 - Journal entries - Perpetual Inventory System + GST Requirementi Inventory 27 190 GST Paid 2 719 Accounts Payable 29 909 erryland's Markets had an inventory balance of $32,570 (excl. GST) at the...
Nasoso Ltd operates two hotels in the Nadi area. Hotel A1 provides up-market accommodation in beachside bures while Hotel B2 provides budget accommodation in a 3-storey property. The two hotels share the same entrance and lobby. Each hotel has its own business licenses and staff. The two hotels are managed by one team of senior managers. Marketing and reservations are handled jointly and guests from both hotels can dine in any of the restaurants in either property. Part A The...
Please explain why the answer is 600,000 and how to calculate it
with steps
Use the following data to determine the total dollar amount of assets to be classified as current assets. Koonce Office Supplies Balance Sheet December 31, 2017 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $ 210.000 30,000 240,000 $480,000 Cash $ 195,000 Accounts receivable 150,000 Inventory 165,000 Prepaid insurance 90,000 Stock investments 255,000 Land 270,000 Buildings $315,000 Less: Accumulated depreciation_(60,000) 255,000 Trademarks 210,000 Total...
how we get these numbers ( I circle them with red), please no
need to explain the logic behind it, just tell me what numbers you
take and add, multiple, divide ... to get these results ?
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QUESTION TWO Consolidation Worksheet Jacko Lid Jackson Ltd Consolidated statement Eliminations and adjustments Dr $000 $000 $000 S000 8000 7004 Reconciliation of opening & closing retained earnings Sales revenue less Cost of goods...
I still don't understand how we get 0.7 after adjustment, what
is this adjustment, what numbers we calculated to get it ? (
clearlyful ...How we get 0.7 ? where'd how exactly it came from
?
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Prepare the journal entries under both the cost and the equity method of accounting for the investment in Pa Ltd for the year ending 30 June 2020 (that is, two years after acquisition). LO 32.7...
P4-33 Consolidation Worksheet at End of First Year of Ownership LO 4-5 Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $128,000. At that date, the fair value of Saver's buildings and equipment was $20,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, Price's management concluded at December 31, 20X8, that goodwill involved in its acquisition of Saver shares had been impaired and the...
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