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XYZ acquired an item of furniture at a cost of Ksh. 1,000,000. Furniture and fittings are depreciated at 10% on cost (straight line). XYZ also acquired an item of motor vehicles at a cost of KSh. 1,000,000. Depreciation is charged at 10% on the reducing balance.
Required:
Compute depreciation charge for each asset for years Yr. 1, 2, and 3
Journal entries in relation to plant asset transactions and Prepare the general journal entries to record these transactions.
Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period total $384,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?
It has detachable warrant that allows purchaser to buy 20 shares of stock. Price of bond right after issue is 96 and detachable warrant is 2$. What is journal entry for issuing this bond?
1-during march tile company purchases and uses 6600 pounds of materials costing 26730 to make 3000 tiles. tile
Definition of Primary and Secondary Market and identification of their role in Finance.
Evaluate the World Anti Doping Agency (WADA) regulatory regime using three ethical principles of the Global Business Standards Codex.
the growth rate will be 6% forever. If the dividend per share last year was Rs. 2 and the investors required rate of return is 10% pa, what is intrinsic price per share or the worth of one share.
Elucidate the evidence produced by the performance of procedures and decide whether management's assertions conform to generally accepted accounting principles and reality
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the foreign currency is the functional currency for a foreign subsidiary. at what exchange rate should each of the
Calculate the profit and loss position for each of the patient service departments and the hospital as a whole.
What characteristics must the convertible bonds display in order to justify the accounting treatment followed on initial recognition and how was the portion of the bonds assigned to debt on initial recognition valued?
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