User Account

All Pages

What the carrying amount of the asset on december

Assignment Help Accounting Basics
Reference no: EM132668731

Problem 1: ABC Co. received a P1,800,000 subsidy from the government to purchase manufacturing equipment on January 2, 2018. The equipment has a cost of P3,000,000 a useful life of six years and no salvage value. Nadine depreciates the equipment on a straight line basis. If ABC Co. chooses to account for the grant as an adjustment to the asset, the carrying amount of the asset on December 31, 2018 statement of financial position is

Reference no: EM132668731

Questions Cloud

What are the equivalent units of production for month of aug : Blue Company production, Using the average cost method, what are the equivalent units of production for the month of August (Conversion)?
What is the cost of goods manufactured for the current year : Sheraton Company reported the following information for the current year: Ending goods in process P1,000,000. What is the cost of goods manufactured
How much should be inventory to external reporting purposes : How much of these costs should be inventoried to external reporting purposes? Lala Co. year end manufacturing costs were as follows
Create separation to build connection : Why is important to create separation to build a connection? How does Adam practice this, and how can you achieve this in your life ?
What the carrying amount of the asset on december : If ABC Co. chooses to account for the grant as an adjustment to the asset, the carrying amount of the asset on December 31, 2018 statement of financial position
Which internal control is most likely to audit of statements : Which internal control is most likely to an audit of financial statements? Which s not an assurance to be provided by an effective internal control system
Determine the consolidation worksheet entries : Determine the consolidation worksheet entries in the following year, assuming the inventory has been -sold, and explain the adjustments on a line-by-line basis
Mergers and acquisitions are capital budgeting techniques : Mergers and acquisitions are capital budgeting techniques. This technique is a managerial expansion decision to increase assets drawing a cash benefit.
What methods for the measuring performance : What methods for the measuring performance would be most suitable for the system Retrofit is using ? Why?

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