Valuation of operating assets

Reference no: EM13954450

Valuation of Operating Assets

Maple Corp. owns a building with an original cost of $1,000,000 and accumulated depreciation at the balance sheet date of $200,000. Based on a recent appraisal, the fair value of the building is $850,000.

Required

1. At what amount will the building be reported on the year-end balance sheet if Maple follows U.S. GAAP?

2. Does Maple have a choice in the amount to report for the building if instead it follows IFRS? What are those choices?

Reference no: EM13954450

Questions Cloud

Is the current american practice justified : The supply of uranium in the United States (and the rest of the world) is large, but not limitless. By failing to reprocess spend nuclear fuel, we are discarding a potential source of energy that some European countries are presently tapping. Is t..

Window-dressing and reserve accounting : Before the introduction of accounting standards, accounting practices varied from enter- prise to enterprise - there was inconsistency and occasionally practices were inappropriate. Intercompany and inter-period comparisons were difficult as ..

Pricing policy is pretty simple : We constantly seem to be pricing ourselves out of some markets and not charging enough in others. Our pricing policy is pretty simple: we mark up our full manufacturing cost by 50%. That means a computer that costs us $2,000 to manufacture will sell ..

In this case should the investment be undertaken : Assume that there is general agreement that the annual soft benefits will yield at least $120,000 in additional net cash flows. In this case, should the investment be undertaken?

Valuation of operating assets : Maple Corp. owns a building with an original cost of $1,000,000 and accumulated depreciation at the balance sheet date of $200,000. Based on a recent appraisal, the fair value of the building is $850,000.

Identify key interventions or behaviors team members use : Determine if the knowledge for performing these interventions was acquired from tradition, authority, borrowing, trial and error, intuition, personal experiences, role modeling, mentoring, reasoning, research study findings, or some other means.

Should van doren make the investment required : Should Van Doren make the investment required to produce Autodial?

What moral violation, and some form of punishment in order : In failing to make a full disclosure, are the plant owner and managers guilty of a moral violation? What is the moral violation, and is some form of punishment in order?

A new technology into a society initiates : Any introduction of a new technology into a society initiates an endless series of effects, especially for those who have and use the technology compared with those who do not or cannot use the technology.

User Account

All Pages