arket value of
Q: Requirements:
A: The percentage of completion method is a revenue recognition accounting concept that evaluates how…
Q: What is the purpose of EDI?
A: Transparency in electronic data exchange: Expanding EDI enables suppliers to get access to a buyer's…
Q: NEED ASAP
A:
Q: xplanati
A: Given: The benefit pension plan balance is given as, Projector benefit obligation $4,485,500 Fair…
Q: al places.) itive value.)
A:
Q: Define Intrinsic value.
A:
Q: Define Net realizable value.
A: Net realizable value is the expected cash to be received against a given asset. Thus, Net…
Q: Define Goodwill.
A: Goodwill refers to the intangible asset which arises when buyer acquires the existing business.
Q: How are gain contingencies recorded?
A: Introduction Gain Contigencies are the uncertain events that result in gain. The gain is purely…
Q: What is the project’s MIRR?
A: Rate of return is the expected result of any investment or project. It can be negative or positive.…
Q: Define NRV method.
A: Definition: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…
Q: Define tangible.
A: Tangible means anything that can be touched and seen.
Q: What is the relevant range of CVP?
A: The relevant range of CVP are as under
Q: Define net realization value?
A: Net realizable value means the amount that could be received after deducted all incidental expenses…
Q: What is net present value (NPV) profile?
A: Net present value profile is mainly the graphical representation of net present value of different…
Q: Define leverage
A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…
Q: Define Contingencies.
A: Uncertain events refer to uncertainty regarding the occurrence of an event or the data values…
Q: How is RI calculated?
A:
Q: Explain the differences between IFRS and GAAP
A: GAAP is a common set of accepted accounting principles, standards, and procedures that companies and…
Q: What is GAAP and why it is needed?
A: GAAP - Generally Accepted Accounting Principles
Q: / Risk and Return
A: There are 3 things given in the question and asked for an explanation of only 1. Risk and Return…
Q: What is GAAP?
A: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to create…
Q: Define Hedging.
A: Hedging is the transfer of risk from a risky financial instrument to another instrument by buying or…
Q: Define value drivers
A: Introduction: Value drivers are related to concept of free cash flow valuation model. This helps the…
Q: nterest?
A: D,E and F are Partner in a partnership firm and sharing profit in the ratio of 1:3:6.
Q: Resources are.....
A: The answer for the very short question is given hereunder :
Q: Define the term Net method.
A: As per the net method, the company records the amount of purchase by deducting any potential…
Q: What is EBITDA?
A: EBITDA is a metric which is used to measure the company's profitability. Though there is no legal…
Q: Discus the elements of GAAS, how does it relate to GAAP?
A: GAAS(Generally Accepted Auditing Standards) :- provides standards by which the prepared financial…
Q: What is view integration?
A: View Integration: Single model which is created for integrating multiple REA diagrams (which were…
Q: What is a CMO?
A: A collateralize mortgage obligation (CMO) refers to a type of mortgage-backed security that contains…
Q: Define risk
A: Risk can be defined as whenever there are chances that the investments’ actual outcomes are…
Q: (EBITDA
A: EBITDA means earnings before interest, tax, depreciation and amortization. Adjusted EBITDA, here,…
Q: maximization goal?
A: According to standard theory of the firm, profit maximization is taken into account to be the…
Q: Define synergy
A:
Q: for osganizat
A: Business portfolio : In simple words, A business portfolio can be understood as the collection of…
Q: Explain an example of net realizable value.
A: Net realizable value: Net realizable value is the net amount of receivables which a business…
Q: How the MIRR is calculated
A:
Q: Define cardinality.
A: Cardinality: Cardinality refers to number of possible links of one table with another table.…
Q: Define the term value stream.
A: Definition: Stream: A stream is the sequence or series of data elements. Streams are not processed…
Q: Define Gains
A: Investment refers to flow of funds made to create capital in order to earn profits from that…
Q: Define value at risk (VaR)
A: Risk is referred as uncertainty or loss. Financial risk is referred as the variability of actual…
Q: RTN: What is its significance?
A: RTN is an abbreviation of Routing Transit Number, which is very important aspect in the banking as…
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- On April 30, 2020, Mindful Company classifies a property in Southern Tagalog as held for sale. The carrying amount of the property on this date is P300,000,000 (cost of P400,00,000, accumulated depreciation of P60,000,000 and accumulated impairment loss of P40,000,000). The estimate of the fair value less cost to sell on this date is P280,000,000. On December 31, 2020, the estimate of the fair value less cost sell is P350,000,000. The sudden increase in the fair value is attributed to the increases in demand for properties in Southern Tagalog, when the region is earmarked as the Philippine Development Region by the government as the next phase for economic growth. What is the amount of impairment loss on April 30, 2020? What is the amount of impairment loss reversal on December 31, 2020?2. On Sept 30, 2020, ABC acquired a building to earn rent through operating leases. The investment property was initially measured at P20,000,000. It has an estimated useful life of 25 years and a residual value of P400,000. It has a fair value of P22,000,000 and P23,000,000 as of the end of 2020 and 2021 respectively. a. Using the fair value model, what is the carrying value on Dec. 31, 2020? b. Using the fair value model, what is the gain or (loss) from change in fair value?On January 1, 2020, A Company decided to sell one of its machineries with a cost of P3,400,000 and accumulated depreciation of P650,000. Depreciation was P280,000 per annum. The company undertook all necessary actions to be able to classify the asset as held for sale. It is estimated that the machine can be sold for its fair value of P2,680,000, incurring P40,000 selling costs in the process. On March 31, 2020, the machine was not yet sold, and there was an increase in fair value to P2,810,000 and selling costs of P40,000. On June 30, 2020, A Company was able to sell the plant for P2,850,000 after incurring P30,000 in selling costs. Determine gain (loss) to be recognized on the sale of machinery on June 30, 2020. a. 50,000 b. 70,000 c. 180,000 d. 120,000
- On January 1, 2020, Single Company which uses the fair value model, purchases an investment property at a cost of P50,000,000. At December 31, 2020 the market value of the property is P60,000,000. The fair market value of the property on December 31, 2021 is P55,000,000. On January 1, 2022, the property was reclassified to property, plant and equipment. At what amount should the property, plant and equipment be initially recorded? * Note: ANSWER ONLYAdista has land that was purchased in cash on January 2, 2018 at a cost of IDR 1,000,000,000. Requested: a. PT Adista decided to use the revaluation model for the land (which is a fixed asset). On December 31, 2018, the company recognized a revaluation surplus of the land amounting to Rp 100,000,000. If on December 31, 2019 it is known that the fair value of the land is IDR1,060,000,000, make a journal entry recorded by PT Astina regarding the land in 2019. b. Describe how the accounting treatment differs between the fixed asset revaluation model and the fair value model of investment property.On December 31, 2021, the company exchanged old motor vehieles and RM48,000 for new motor vehicles. The old motor vehicles were purchased on January 1, 2020, for RM168,000 and was estimated to have a RM24,000 residual value at the end of its 10-year life. It is estimated that the fair value of the old motor vehicles is RM78,000 on December 31, 2021. Required: a) Prepare the journal entry to record the annual depreciation expense at 31 December 2020. b) Prepare the journal entry to record the above transactions (exchange of assets) using straight line method at 31 December 2021. c) Assume that the Company uses the declining balance method; determine the amount of depreciation expenses for 2020 and 2021. Show all workings d) Explain three ways of disposing plant assets
- Marigold Company uses IFRS and owns property, plant and equipment with a historical cost of 5170000 euros. At December 31, 2019, the company reported a valuation reserve of 8640000 euros. At December 31, 2020, the property, plant and equipment was appraised at 5520000 euros.The property, plant and equipment will be reported on the December 31, 2020 statement of financial position at 5520000 euros. 8990000 euros. 5170000 euros. 8640000 euros.As at 31 December 2020, Lambda Ltd’s property in its statement of financial position was: Property at cost (useful life 15 years) $4,500,000 Accumulated depreciation $600,000 On 1 July 2021, Lambda Ltd decided to sell the property. The property is being marketed by a property agent at a price of $4,200,000, which was considered a reasonably achievable price at that date. The expected costs to sell have been agreed at $100,000. Recent market transactions suggest that actual selling prices achieved for this type of property in the current market conditions are 10% less than the price at which they are marketed. At 31 December 2021 the property has not been sold. At what amount should the property be reported in Lambda Ltd’s statement of financial position as at 31 December 2021? $3,600,000 $3,750,000 $3,680,000 $4,200,0002. ABC Company has equipment acquired on January 1, 2018, at a cost of P2,200,000 with an estimated residual value of P200,000 and 20 years estimated useful life. On December 31, 2020, the fair value of the equipment is P2,000,000, and revised residual value of P300,000. Round off percentage to the whole number and to the nearest peso if you are required to gross up. The carrying value of the equipment on December 31, 2021 is?
- On Sept 30, 2020, ABC acquired a building to earn rent throughoperating leases. The investment property was initially measured atP20,000,000. It has an estimated useful life of 25 years and aresidual value of P400,000. It has a fair value of P22,000,000 andP23,000,000 as of the end of 2020 and 2021 respectively. A. Using the cost model, what is the depreciation expense forthe year 2020? Note that asset was acquired on Sept. 30.B. Using the cost model, what is the carrying value of theinvestment property on Dec. 31, 2021? C. Using the fair value model, what is the carrying value onDec. 31, 2020?D. Using the fair value model, what is the gain or (loss) fromchange in fair value?On January 1, 2020, HOWLSCo. acquired an investment property at a total cost of P25,000,000. At December 31, 2020, the carrying value of the property in the company’s books is P30,000,000. On December 31, 2020, HOWLSdecided to use the property and immediately reclassified it as plant asset. 1.What would be the initial cost of the plant asset if it has a fair value of P2,000,000 at the date of conversion? 2.What amount of revaluation surplus should HOWLSrecognize at the time of conversion?On Sept 30, 2020, ABC acquired a building to earn rent throughoperating leases. The investment property was initially measured atP20,000,000. It has an estimated useful life of 25 years and aresidual value of P400,000. It has a fair value of P22,000,000 andP23,000,000 as of the end of 2020 and 2021 respectively. a. Using the cost model, what is the depreciation expense forthe year 2020? Note that asset was acquired on Sept. 30.