Reference no: EM132951926
Question - On December 31, 2019, Yikes Company subjected to impairment test its trademark. Data pertinent to the equipment as of December 31, 2019 follow:
Original Cost - P2,400,000
Adjusted accumulated depreciation - 600,000
Original Useful life- 8 years
Selling price - 1,400,000
Estimated cost to make the sale - 200,000
Value in use - 1,100,000
Remaining useful life - 6 years
Method of depreciation - straight-line
On December 31, 2021, the asset is found to have a recoverable amount of P1,400,000. How much is the revaluation surplus to be recognized by 2021?
|
Compute the measurement of the property on december
: However, the fair value is P1,900,000 on January 31, 2020. Compute the Measurement of the property on December 31, 2019
|
|
What is the pw of the project
: What is the PW of the project? (Hint: The MARR has been adjusted for inflation, so it can be directly used to calculate PW based on the future cash flows in act
|
|
Discuss the sectorial flow of funds
: Discuss the sectorial flow of funds. In your answer, identify five sectors that are representative of the sectorial flow of funds. Why is an understanding of th
|
|
Effects of phases of the crisis
: The GFC is now thought of as having two parts or phases. Describe each part (or phase) and outline some of the measures that have been taken by governments and
|
|
How much is the revaluation surplus to be recognized
: On December 31, 2021, the asset is found to have a recoverable amount of P1,400,000. How much is the revaluation surplus to be recognized by 2021
|
|
What will be the margin account balance
: Suppose you go short three contracts of August HRC Steel futures today (Day 0) at a price of $1,725 per ton. The contract size is 20 tons per contract. You open
|
|
Calculate the rate of return for the owners
: Now, Dr. Pennyworth has a chance to purchase one of two professional cricket clubs, the Miami Manatees or the Jacksonville Gemini. At the beginning of last year
|
|
Determine the effective cost of borrowing per annum
: Suppose you have agreed to take a short-term loan amounting of $2,000,000 from your banker. The loan tenure begins on 3 months from today and the financing rate
|
|
Prepare a sales activity variance analysis
: The master budget at Western Company last period called for sales of 225,100 units at $9.1 each. Prepare a sales activity variance analysis
|