User Account

All Pages

Calculate the total amount to be included in property

Assignment Help Cost Accounting
Reference no: EM13556147

01 January 20x5, Y began to construct a supermarket. It purchased a leasehold interest in the site $ 25 million. The construction of the building cost $ 9million and the fixtures and fittings cost $6million .The construction of the supermarket was completed on 30 September 20x5 and it was brought into use on 1 January 20x6.

borrowed $ 40million in order to finance this project. The loan carried interest at 10% per annum. It was repaid on 30 June 20x6

capitalized borrowing costs where this is permitted by standards

You are required to calculate the total amount to be included in Property, Plant & Equipment in respects of the development at 31 December 20x5.

Reference no: EM13556147

Questions Cloud

How long does this light pulse take to reach the tail : A spaceship has a length of 300m, measured in its own reference frame. It is traveling in the positive x direction at a speed of 0.8c relative to the earth. how long does this light pulse take to reach the tail
Applications of forensic accounting : Illustrate the link between Forensic Accounting and Professional Auditing citing the relevance of the Fundamental Principles and the Specific Guidance Statements of Auditing for the forensic accountant.
What is the vertical normal force acting on the ladder : a 5.0m long ladder leans agaisnt a wall, touching it at a point 3.8 above the ground. the ladder is uniform with a mass of 15kg. the was is frictionless. what is the vertical normal force acting on the ladder
Evaluate what forces acts on the mass : A mass m=2.0 is connected to a massless spring of force constant k_1=100N/m. This spring is connected at point P to a second spring, also massless, what forces acts on the mass
Calculate the total amount to be included in property : You are required to calculate the total amount to be included in Property, Plant & Equipment in respects of the development at 31 December 20x5.
Evaluate what is the velocity of the mass : A 2.354 kg block is on a horizontal surface with ?k = 0.170, and is in contact with a lightweight spring with a spring constant of 526 N/m which is compressed. What is the velocity of the mass as it breaks contact with the spring
The totalequivalent capacitance between the terminals : A 5.0 µF capacitoris connected in series with a 10.0 µF capacitor. This combination isthen connected in parallel with a 6.67 µF capacitor. The three capacitornetwork is then connected in series with a 10.0 µF capacitorand a 5.0 µFcapacitor. The en..
Revaluation into the financial statements : A company revalues its buildings and decides to incorporate the revaluation into the financial statements - relevant extracts from the financial statement at 31 December 20x8
Obtain the mass of jupiter : Io, a satellite of Jupiter, has an orbital period of 1.77 days and an orbital radius of 4.22 105 km. From these data, determine the mass of Jupiter

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare the sales revenues section of the income statement

Prepare the sales revenues section of the income statement based on this information.

  Question-on january 1 2014 agassi corporation had the

question-on january 1 2014 agassi corporation had the subsequent stockholders equity accounts.common stock 10 par value

  The city of shipley maintains an employee retirement fund a

the city of shipley maintains an employee retirement fund a single-employer defined benefit plan that provides annuity

  Determine the equivalent units of production

Determine the equivalent units of production for each cost component for each department under the WA method and determine the equivalent units of production for each cost component for each department under the FIFO method.

  Evaluate the distribution of the proceeds

The liquidation value for the total assets is $4 million, $1.2 million of which was received for plant and equipment. Bankruptcy costs were $150,000. Determine the distribution of the proceeds.

  Retained earnings statement for the month of may

Prepare an income statement and a retained earnings statement for the month of May and a balance sheet at May 31 and Prepare an income statement and a retained earnings statement

  Determine the 2012 static budget variances

Determine the 20X2 static budget variances and determine the 20X2 flexible budget variances

  Journalize transaction - debit analysis

Purchased $450 of supplies on account and indicate what accounts are increased and decreased by each transaction. Debit Analysis Credit Analysis 1. 2. 3.

  Comparative balance sheet of beets industries

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities - Statement of cash flows-indirect method

  Evaluate federal income tax return

Evaluate federal income tax return

  Find how much cash will davis borrow in february

Assume Davis Consulting began January with $29,000 cash. Management forecasts that cash receipts from credit customers will be $49,000 in January and $51,500 in February. Projected cash payments include equipment purchases.

  Prepare a lease amortization schedule

Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the inception of the lease through January 1, 2012. Edison's fiscal year ends December 31.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd