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The HUL Company Limited decides to replace one of its old plants with a modern one with a larger capacity. The plant when installed in 1980 cost the company Rs. 24 lakhs, the components of materials, labour and overheads being in the ratio of 5:3:2. It is ascertained that the costs of materials and labour have gone up by 40% and 80% respectively. The proportion of overheads to total costs is expected to return the same as before. The cost of the new plant as per improved design is Rs. 60 lakhs and in addition, material recovered from the old plant of a value of Rs. 2,40,000 has been used in the construction of the new plant. The old plant was scrapped and sold for Rs. 7,50,000. The accounts of the company are maintained under the Double Accounts System. Indicate how much would be capitalised and the amount that would be charged to revenue. Show the ledger accounts.
assume for each of the following independent cases that the annual accounting period ends on december 31 2013 and that
From the lessee's viewpoint, what kind of lease is the above agreement? From the lessor's viewpoint, what kind of lease is the above agreement?
jonas inc. is trying to decide whether to lease or purchase a piece of equipment needed for the next ten years. the
1the standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at
question a corporation had stockholders equity on january 1 as follows common stock 5 par value 1000000 shares
Antonio"s Restaurant specializes in Italian food. During June, Antonio's Restaurant recorded the following sales to customers and costs of oing business:
Faye owns the land on which Golden Spurs Ranch is situated, plus the ranch house, barn, and other structures permanently attached to the land. Faye's brother Huey owns everything else in the ranch's operation--livestock, feed, and so on. The perso..
the reyes loaned their daughter rachael 25000 so that she could open up her own business. the terms of the loan require
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A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. Calculate the net cash provided or used by operating activities
Which of the following are consedered an optional presentation within a goverments required supplementary information.
Claussen essentially designed the program on his own, with very little research into goal setting and motivation. Based on your textbook, how well has he done? Which parts of the program appear to fit well with research evidence on goal setting? ..
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