Why is land not included in the class of property

Assignment Help Financial Accounting
Reference no: EM132203515

Why is land not included in the class of Property, Plant and Equipment in the statement of financial position rather is considered separately

Reference no: EM132203515

Questions Cloud

Identify the theory that best fits the leadership style : Analyze and identify the theory that best fits the leadership style at Southwest Airlines. Explain why.
Suppose that your total transaction costs for selling : Suppose that your total transaction costs for selling the 1,200 shares of Twitter in December were $59.95.
Cost of smith corporation common equity : Treasury bonds is 3.6%, and the return on the S&P 500 index is 11.6%. if the cost of Smith Corporation's common equity is 19.6%, calculate their beta.
How calculate what percentage the parent company : How calculate what percentage the parent company has and what percentage has subsidiary if not given?
Why is land not included in the class of property : Why is land not included in the class of Property, Plant and Equipment in the statement of financial position rather is considered separately
What is the value of a bond : What is the value of a bond with a 6% coupon rate, 12 years to maturity and a yield of 5,5%. Coupons are semi-annual
What is monthly payment : You will borrow $25,000 to buy a car. If your interest rate is 5% on a 4-year loan, what is your monthly payment?
Difference between net assets and net liabilities : The difference between net assets and net liabilities; a term generally used by not-for-profit organizations
Job analysis is the heart of human resources : Job Analysis is the heart of Human Resources. What would you say are it’s most important elements?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the net increase in contribution margin

Determine how many bottles of Blanc de Blanc would not be produced if A VS uses some of its generic white grapes to produce the Riesling wme.

  Discuss standards that inherent in gri

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler and discuss the standards that are inherent in Global Reporting Initiative (GRI).

  Compute what is the par value of the preferred stock

Compute what is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

  Compute the correct final balance of inventory

On December 31, Henderson Company had an ending inventory of $70,200 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: Using the information given above, comput..

  Determine the total amount of delivery service

Kwik Delivery Service reports the following costs and expenses in June 2014.- Determine the total amount of delivery service (product) costs and Determine the period costs.

  Compute the cost of goods transferred out

Pacific Ink had beginning work-in-process inventory of $760,000 on October 1. Of this amount, $305,920 was the cost of direct materials and $454,080 was the cost of conversion.The 49,000 units in the beginning inventory were 30 percent complete with ..

  What are the annual net cash inflows

Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $94,000 new. It would last the bakery for ten years but would require a $..

  Journal entries at the inception of the lease

Water world Company leased equipment from Costner Company. The lease term is 4 years and requires equal rental payments at the beginning of each year. Water world pays all executor costs directly to third parties. The appropriate interest rate is 10%..

  Eliminate the gain from intra-entity transaction

In 2013, company A sold inventory costing $100 to its fully-owned subsidiary company B for $150. The entire inventory remains with company B at the end of 2013. What journal entry should be recorded (*G) at the beginning of 2014 to eliminate the gain..

  Mutually exclusive projects based on eac and npv

Comparison of Mutually Exclusive Projects based on EAC and NPV - Eads Industrial Systems Company (EISC) is trying to decide between two different conveyor belt systems

  Analyse budgets and make appropriate decisions

Making financial decisions based on financial information. You will need to use an example either from your present employer, or you can use the published financial statements of companies such as British Airways, which are published on the intern..

  Prepare the journal entry to record the impairment

Assume that Suarez will continue to use this asset in the future. As of December 31, 2014, the equipment has a remaining useful life of 4 years. Impairment) Assume the same information as E11-16, except that Suarez intends to dispose of the equipment..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd