User Account

All Pages

How much is cost of the new asset of julia

Assignment Help Accounting Basics
Reference no: EM133069519

Question - On July 1, 2021, JULIA exchanged its non-monetary asset (equipment) with GERALD's non-monetary asset (machinery). The following data were made available:

JULIA:

Equipment P4,400,000

Accumulated depreciation 2,000,000

Cash received from Gerald 500,000

GERALD:

Machinery P3,700,000

Accumulated depreciation 1,800,000

Cash paid to Julia 500,000

The transaction lacks commercial substance.

Required - How much is cost of the new asset of JULIA?

Reference no: EM133069519

Questions Cloud

Explain and calculate the transfer prices : Explain and calculate the transfer prices at which the Hit Division should offer to transfer the part to the Miss Division
Explain the key participants of international business trade : Explain why it is necessary to have a financial integration. Use major blocs in one region to illustrate your points or objectives.
Find the possible values of the stock : Consider a binomial model with u = 1.2,d = 0.8 and periodic interest rate r=0.1. Suppose that S=10attimet=0.
What is the impact on us mnc competitiveness : What is the impact on US MNC competitiveness and relative purchasing power of US consumers if and when R(t) > 1?
How much is cost of the new asset of julia : On July 1, 2021, JULIA exchanged its non-monetary asset (equipment) with GERALD's non-monetary asset (machinery). How much is cost of the new asset of JULIA
Applied investment management : Use CAN SLIM Analysis on a company for fundamental data. Show the chart and mark it up with chart patterns using moving averages and trend lines and make a summ
What is the npv of agreeing to write the book? : Bill Clinton reportedly was paid an advance of $10.0 million to write his book My Life. Suppose the book took three years to write.
Complete annotated bibliography : Complete an annotated bibliography of research concerning differentiating characteristics that factor into organizational behavior
Brazilian government bond : The Brazilian government bond rate in nominal reais on January 1, 2019 was 16.51%. What will the risk-free rate in nominal reais be, if:

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