Reference no: EM132706140
Question - GCA Ltd reported the following information in its statement of financial position at 30 June 2020:
Plant $650,000
Accumulated depreciation - plant (150,000)
Intangible assets 300,000
Accumulated amortisation (100,000)
Land 300,000
Total non-current assets 1,000,000
Cash 50,000
Inventory 180,000
Total current assets 230,000
Total assets $1,230,000
Liabilities 150,000
Net assets $1,080,000
At 30 June 2020, GCA Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets. It determined that there were indications of impairment. GCA Ltd calculated the recoverable amount of the assets to be $980,000.
Required - Provide the journal entry for any impairment loss at 30 June 2020. Show all calculations.
|
Find what is the default? premium
: a Treasury bill with a current interest rate of 2.25?%; a Treasury bond with a? twenty-year maturity, What is the default? premium?
|
|
Government distrust-in light of uncertain political climate
: Government Distrust. In light of the uncertain political climate, do you think that American people have a distrust of government and/or politicians?
|
|
How to implement each of the strategies
: Present a discussion of the strategies for encouraging participative management in the workforce, and how to implement each of these strategies.
|
|
Discuss the public policies
: Identify and discuss the public policies that have been at issue using these presidential powers.
|
|
Provide the journal entry for any impairment loss at June
: GCA Ltd calculated the recoverable amount of the assets to be $980,000. Provide the journal entry for any impairment loss at June
|
|
Find what is jupiter cost of direct materials used
: Find What is Jupiter's cost of direct materials used during the year? Beginning work in process inventory 4,000. Ending inventory 12,000
|
|
Develop app to show the list of all branches oforganization
: Please develop an app to show the list of all branches of an organization. The branches should be located at different places. You can choose whatever.
|
|
Juvenile diversion-intervention or prevention programs
: Write a paper comparing two juvenile diversion, intervention, or prevention programs operating in your city or state.
|
|
What was the total cost of job as of the end of june
: 2002, Job #918, If actual overhead for June was $8,700, was the overhead underapplied or overapplied for the month? By how much?
|