Museum pieces which are unique pieces from the bulgari

Assignment Help Cost Accounting
Reference no: EM13371054

Museum pieces, which are unique pieces from the Bulgari collection, are recognised at purchase cost and, given their nature, are not depreciated but are regularly tested for impairment. In particular, an independent expert was engaged in 2008 to appraise the fair value of the Bulgari Museum. The value appraised by this expert was considerably higher than the carrying amount of the pieces involved.

1719_Accounting treatment of Bulgaris museum pieces.png

Please consider whether the accounting for museum pieces used by Bulgari is regulated by the accounting standard

Please, discuss the accounting treatment of Bulgari's museum pieces, its implication and the understandability of disclosure

Reference no: EM13371054

Questions Cloud

Purpose students will conduct one brief research exercise : purpose students will conduct one brief research exercise that will be written up as a research report using apa
For problems 1-5 standardize the value according to the : for problems 1-5 standardize the value according to the given average and sd. 1. x 10 average 5 and sd 2. 2. x 73
Present a report on la napoli case studyyou should take the : present a report on la napoli case studyyou should take the role of a management consultant who has been hired by john
1 pt barnum is concerned about the health of his star : 1. p.t. barnum is concerned about the health of his star trapeze artist. if the artist is capable of performing a
Museum pieces which are unique pieces from the bulgari : museum pieces which are unique pieces from the bulgari collection are recognised at purchase cost and given their
1in the coming week-long mid-term break toni has the option : 1.in the coming week-long mid-term break toni has the option of either to work as an intern at the asia competitive
Question 1 green forest berhad operates two divisions the : question 1 green forest berhad operates two divisions the bedroom division and the consumer division. the bedroom
Part a - state space search using lisp this part of the : part a - state space search using lisp this part of the assignment requires you to solve the following problem using
Task1bullcreate a check list that contains key point for : task1bullcreate a check list that contains key point for evaluating an ecommerce website. try to spot those points in

Reviews

Write a Review

Cost Accounting Questions & Answers

  Differences between a defined benefit and contribution plan

Prepare a Statement of Changes in Net Assets for the Employees Retirement Fund for the Year Ended June 30, 2012 and prepare a Statement of Net Assets for the Employees' Retirement Fund as of June 30, 2012.

  Identify and compare alternative renewable energy options

Each off the above projects is based on ideas for projects where there is significant information available in the form of technical guides, case studies, and from suppliers of technology. A quick Google search will furnish you with examples and ..

  Evaluate market value of shares

market value of shares as on 31st December 1993 Rs. 16,000 - depreciation to be provided on furniture at 10% motor car at 0%. Premises at 2.5%

  Prepare a perpetual inventory record for classique designs

Prepare a perpetual inventory record for Classique Designs, to determine the value of ending inventory at December 31, 2013, and the total amount to be assigned to cost of goods sold for the period.

  Find financial statements for any for profit

Find financial statements for any "for profit" company in the computer hardware industry - Complete a ratio analysis for that company's last year's financial data

  Questionkaiser company is interested in applying activity

questionkaiser company is interested in applying activity base costing in the company. management appointed a

  Problem caused by each control weakness

Identify the missing internal control characteristic in each situation and identify the possible problem caused by each control weakness.

  Proportion to the time devoted to the business

The ratio of their initial capital investments, which they have agreed will be $32,000 for Baker and $48,000 for Farney -  proportion to the time devoted to the business;

  Forrests gameboards company manufactures games in 3

forrests gameboards company manufactures games in 3 departments using a process cost system with an average cost flow

  Determine what is the break-even point in units

Top Sail Company produces one type of machine with the following costs and revenues for year. Total Revenues: 5,600,000 What is the selling price per unit What is the variable cost per unit What is the contribution margin What is the break-even point..

  Questionon december 31 2012 dow steel corporation had

questionon december 31 2012 dow steel corporation had 730000 shares of common stock and 43000 shares of 9

  Difference between actual and normal cost

Distinguish normal and actual cost

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!

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