User Account

All Pages

How much impairment loss was allocated to the building

Assignment Help Accounting Basics
Reference no: EM133064890

Question - Fluffy Company's division one is a cash generating unit. The company has determined the recoverable value of division one to be P440,000.

Moreover, the company has also determined the following for its building:Value in use P240,000

Fair value less cost of disposal 260,000The carrying amounts of division one's assets are as follows:

Inventory P160,000 Building 320,000

Equipment 160,000 Goodwill 10,000

Required -

1. How much impairment loss was allocated to the building?

2. How much impairment loss was allocated to the inventory?20. How much impairment loss was allocated to the equipment?

Reference no: EM133064890

Questions Cloud

How much of the amount is interest : How much will a registered retirement savings deposit of $28 500.00 be worth in 15 years at 10.95% compounded monthly? How much of the amount is interest
What should the amortization expense be going forward : The current carrying amount is $775,000 they use a residual value of $45,000, What should the amortization expense be going forward
Prepare discontinued operations section of income statement : The assets are sold at a taxable gain of $1,550,000. Prepare the Discontinued Operations section of the income statement
Prepare Sunland Camping required journal entries : Sunland Camping's incremental borrowing rate and Sullivan's implicit interest rate are both 9%. Prepare Sunland Camping's required journal entries
How much impairment loss was allocated to the building : Moreover, the company has also determined the following for its building:Value in use P240,000. How much impairment loss was allocated to the building
Compute the tax payable by Ex Ltd : The subsidiary had paid a total dividend of $120,000 and had received a dividend refund from non-eligible RDTOH of $18,000. Compute the Part IV tax payable
Were your recommendations the same for each method : The first project is a $250,000 investment in pollution abatement equipment. Were your recommendations the same for each method? Why or why not
Calculate the avoidable borrowing costs : No asset specific debt was incurred. During 2018, ABC's general debt consisted of the following: $2 Million, Calculate the avoidable borrowing costs
What is the project pi : A project has an initial cost of $60,000, expected net cash inflows of $15,000 per year for 6 years, and a cost of capital of 11%. What is the project's PI

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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