User Account

All Pages

Which statements best describes value in use

Assignment Help Accounting Basics
Reference no: EM132765981

Problem 1: The applicable PFRS/PAS for a property being constructed or developed for future use as investment property is

a) PAS 2, Inventories, until construction is finished and then it is accounted for under PAS 40, Investment Property.

b) PAS 40, Investment Property.

c) PAS 11, Construction Contracts, until construction is finished and then it is accounted for under PAS 40, Investment Property.

d) PAS 16, Property, Plant, and Equipment, until construction is finished and then it is accounted for under PAS 40, Investment Property.

Problem 2: Under PAS 36 Impairment of assets, which of the following statements best describes 'value in use'?

a) The present value of estimated future cash flows expected to arise from the continuing use of an asset and from its ultimate disposal

b) The amount of cash or cash equivalents that could currently be obtained by selling an asset in an orderly disposal

c) The net amount which an entity expects to obtain for an asset at the end of its useful life

d) The amount at which an asset could be exchanged between knowledgeable, willing parties in an arm's length transaction

Reference no: EM132765981

Questions Cloud

Which is not one of the essential characteristics for item : Which is not one of the essential characteristics for an item to be reported as a liability on the balance sheet? it is present obligation of particular entity
Which adjusting entries may a reversing entry be used : Which adjusting entries may a reversing entry be used? debit depreciation expense, credit accumulated depreciation. / debit interest receivable, credit interest
Which a liability shall be recognized : Which a liability shall be recognized? if the entity incurs a present obligation with improbable outflow of resources embodying economic benefits
Which statements best describes term significant influence : According to PAS 28 Investments in associates, which of the following statements best describes the term 'significant influence'?
Which statements best describes value in use : Under PAS 36 Impairment of assets, which of the following statements best describes 'value in use'? The net amount which an entity expects to obtain for asset
Describe how gases are exchanged in the alveoli : 1. Describe the process of ventilation incorporating the function (contraction & relaxation) of the diaphragm and the intercostal muscles
Which the cash surrender value of the insurance policy : Which the cash surrender value of the insurance policy on the corporation's president would be presented on the balance sheet as
Differentiate prokaryotic and eukaryotic cells : Differentiate prokaryotic and eukaryotic cells. Be sure to include at least 2 similarities and 2 differences.
Which primary factor that distinguishes capital expenditure : Which primary factor that distinguishes capital expenditure from revenue expenditure is? the period or periods expected to be benefited

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