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Intermediate Accounting Discussion
Accounting major or someone currentyly taking accounting to do discussion post. .
Plagirism free needed.
· From the e-Activity, summarize the authoritative guidance for asset impairments under IFRS. Give at least two examples of events that could cause an asset to be tested for impairment, and recommend the best method to determine the fair value of an impaired asset. Explain the rationale for your recommendation.
E-ACTIVITYGo to the International Financial Reporting Standards (IFRS) Website, located at https://www.ifrs.org, to review authoritative guidance for asset impairments. Note: In the search field at the top right of the screen, type in "asset impairment." Be prepared to discuss.
· Differentiate between the decreasing-charge depreciation methods and the special depreciation methods, and suggest the method that would result in the highest depreciation during the first year of operations. Imagine you are a manager at Delta Airlines and are giving a presentation to the Board of Directors concerning the best depreciation method to use for the purchase of twenty-five new aircrafts. Explain to the Board the method that would result in the highest depreciation charge for the next five years.
a couple plans to purchase a home for 250000. property taxes are expected to be 1900 per year while insurance premiums
Calculate the marginal tax rate and the effective tax rate for each of the C corporations. Explain why the marginal tax rate for a C corporation can exceed 35%, but the effective tax rate cannot.
What is the net realizable value of the accounts receivable at December 31, 2013?
Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. What is the present value of John's future annual earnings?
Matthew was a participant in his employer's contributory qualified pension plan. The plan balance of $2 million is paid to Olivia, Matthew's daughter and beneficiary. The distribution consists of the following.
What type of inflation accounting do you favor under high inflationary periods? Do you think tax allocation can improve the prediction of future tax payments in the short run? What are the economic consequences of SFAS No.87?
rugby rocks inc. had a retained earnings balance of 12000 at december 31 2010. the company had an average income of
2010 dec. 16 accepted a 10500 60-day 6 note dated this day in granting todd duke a time extension on his past-due
Lass Corporation reports a $25,000 net capital loss this year. The corporation reports the following net capital gains during the past three years. Year Net Long-Term Capital Gain Net Short-Term Capital GainThird previous yearYear before lastLast yea..
Determine total net income if all products are sold at the split-off point.
What is the total undiscounted cash flow in the final year of an investment, assuming: $10,000 after-tax cash flows from operations, the fully depreciated machine is sold for $1,000, the project had required $2,000 in additional working capital, a..
When the environment changes as a result of technological advances, increased competition, or government regulation, an accounting system does not have to be sufficiently flexible to meet the changes in order to save money.
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