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Questions -
Q1. What would be the best option to choose financing lease or operating lease for Machinery in the plant of a big textile firm which has more than 10 years of estimated life? And why?
Q2. For an intangible asset to be developed internally, what are the recognition criteria it would meet for it to be recognized as an intangible asset and what would be the expenditures that IFRS would recognize to be expensed?
Q3. What is a better option, capitalizing or expensing, for an asset of a lesser life than 5 years? And why?
Q4. Out of the three basic depreciation methods to calculate annual expense like Straight-line, accelerated, and unit-of-output methods, which one would be beneficial for a company to use on an asset worth of a high cost with less than 5 years of life on their financial statements? Use an illustration to support your answer.
Ajani Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $10,000 and total fixed costs by $6,000. By what amount will net income increase?
your firms strategic plan calls for a net increase in total assets of 100 million during the next five years which
Shankar Company uses a perpetual system to record inventory transactions. Record transactions for the purchase and sale of inventory
A processing company, Timao Co. Ltd., is extremely busy. State with supporting calculations, whether Timao Co. Ltd should accept the Kagocho Company's offer
what are the differences between simple interest and compound interest? which type of interest would you prefer to
chen company completed the following transactions and events involving its delivery trucks. 2010 jan. 1 paid 20515
You have been hired as the CFO of a new company and are determining the companies accounting needs. The first question you answered which was Explain to your staff at least 2 ways in which accounting data are used to make business decisions.
tanzlin manufacturings common stock has a beta of 1.5. if the expected risk-free return is 9 and the expected return on
Which of the following is not an asset owned by Mike's Music?- Which of the following is a liability to Mike's Music?
provide one reason for instituting performance-based pay at an organization and one reason why it might not be
Catherine's basis was $50,000 in the CAR Partnership interest just before she received a proportionate nonliquidating distribution consisting of land held for investment (basis of $40,000, fair market value of $60,000) and inventory (basis of $40,..
In January 2015, contractor Tom Tucker entered. Advise Tom Tucker how to account for his contract modification, including the rationale for your position.
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