User Account

All Pages

How much is the revaluation surplus as of December

Assignment Help Accounting Basics
Reference no: EM132973498

Question - Aye Inc. decided to revalue its machine on December 31, 2019, and determined that the current replacement cost is 1,500,000. The machine, which was purchased last January 1, 2017 for 1,000,000, has a carrying value of 400,000. The entity has been consistent in depreciating its machine using the straight-line method for a 5-yr useful life. On September 1, 2021, the entity sold the machine for 140,000. How much is the revaluation surplus as of December 31, 2019 after revaluation?

Reference no: EM132973498

Questions Cloud

What is his purchase price : If Giuseppe purchased this bond on 7 May 2018, what is his purchase price. Giuseppe needs to pay tax at rate 24.1% on coupon payments
What december foreign exchange gain on forward contract : What the December 31, 20y0 foreign exchange gain or loss on forward contract to be charged to amounted to? Indoy Company, the parent of the 100% owned Japanese
What is the carrying amount of the note at Audi : The prevailing rate of interest for a note of this type at January 1, 2019 was 10%. What is the carrying amount of the note at Audi
What foreign exchange gain or loss on forward contract : On November 1, 20x9, ReSA Dairy Corp, What the December 31, 20x9 profit and loss statement, foreign exchange gain or loss on forward contract amounted to
How much is the revaluation surplus as of December : On September 1, 2021, the entity sold the machine for 140,000. How much is the revaluation surplus as of December 31, 2019 after revaluation
How important is it for them to classify the centre users : Managers at Clifton leisure centre want to attract more customers. They have improved the gym facilities with updated equipment. They have also hired a new fitn
Explain the effective leadership style : Leadership styles can be inherited or developed over time and with practice. It's more than just a position of power. It is a choice to be a good leader. A lead
Analysis the problem perform a Stakeholders analysis : Using the LogFrame Analysis the problem perform a Stakeholders analysis and a problem tree analysis. Explain the nature of the solutions
Why are suggesting improve the operational outcomes : Why are we suggesting and how will this improve the operational outcomes of Crown Hotel and then justify that suggestion by five relevant literature

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