User Account

All Pages

Pass the necessary entry in June

Assignment Help Accounting Basics
Reference no: EM133033528

Question - On 1 July 2019 Manila Ltd sold an item of plant to Tokyo Ltd for $600,000 when its carrying value in Manila Ltd book was $800000 (costs $1200,000, accumulated depreciation $400,000). This plant has a remaining useful life of five (5) years from the date of sale. The group measures its property plants and equipment using a costs model. The tax rate is 30 per cent

Required - Pass the necessary entry in 30 June 2020 to eliminate the intra-group transfer of equipment?

Reference no: EM133033528

Questions Cloud

How can culture facilitate change : Culture is embedded in fabric of an organization. Coping-readiness can, therefore, hasten the change acceptance and process. How can culture facilitate change
Achieve a level of leadership at the national level : Is it a fantasy to think that an individual can achieve a level of Leadership at the National Level (Congress or White House) or at the Corporate Level (CEO of
What is the minimum transfer price : The Heating Division of Kobe International produces a heating element that it sells to its customers for $38 per unit. What is the minimum transfer price
Different types of team compensation and rewards : As the leader of this problem-solving team, you are tasked with educating staff on the methods and systems used for team rewards. Describe the different types o
Pass the necessary entry in June : On 1 July 2019 Manila Ltd sold an item of plant to Tokyo Ltd for $600,000 when its carrying value in Manila Ltd. Pass the necessary entry in June
High quality for consumption by an adult human : When presented with a protein product, describe one method you can use to determine reliably if the protein is of low or high quality for consumption by an adul
Understand correctional policy changes : The purpose of this assignment is to understand correctional policy changes in one area affect not only the intended area, but many areas of the system
Track the purchase date and purchase price : Track the purchase date and purchase price of the house for every house sold that involves agents hiring each other for representation.
What is the WACC : A firm has a pretax cost of debt of 3.75% with 200,000 bonds outstanding at $990 per bond, What is the WACC

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