User Account

All Pages

What is the revaluation surplus that should be reported

Assignment Help Accounting Basics
Reference no: EM132807254

On January 1, 2013, R Company acquired a building at cost of 5,000,000. The building has been depreciated on the basis of a 20-year life. On January 1, 2018, an appraisal of the building showed replacement cost at 8,000,000 with no change in useful life.

Problem 1: What is the accumulated depreciation for 2019?

Problem 2: What is the revaluation surplus that should be reported in the December 31, 2019 statement of financial position?

Problem 3: What is the depreciation expense for 2018?

Reference no: EM132807254

Questions Cloud

What is total cost to be accounted for : What is total cost to be accounted for? ABC, Inc. uses a process costing system to accumulate costs related to silk scarf production.
Have any of the given assumptions been dispelled : Through your readings this week, you learned about basic developmental characteristics and how each can serve as a window through which to contemplate.
What is macaulay duration : What is Macaulay's duration? How is it useful for a bond portfolio?
What is the total return to an investor : a. An 8%, five-year bond yields 6%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face
What is the revaluation surplus that should be reported : R Company acquired a building at cost of 5,000. What is revaluation surplus that should be reported in the December 31, 2019 statement of financial position?
What is the effective annual yield : What is the effective annual yield? (Round answer to 2 decimal places, e.g. 5.27%.)
Do you have a different style at work then home : In the discussion board this week, you will be focusing on how your specific social style affects your work habits, work relationships, success at work.
What is the present value of the bond : A 29-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.25% (2.625% of face value every six months). The reported yield to maturity
What are the potential solutions for the problem : As you begin to move beyond your initial outline and summary, your next step will be drafting. Drafting is a very important step in the writing process.

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