CHAPTER 10 Acquisition and Disposition of Property, Plant, and Equipment ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Valuation and classification of land, buildings, and equipment. Self-constructed assets, capitalization of overhead. Capitalization of interest. Exchanges of assets Questions 1, 2, 3, 4, 6, 7, 12, 13, 21 5, 8, 20, 21 8, 9, 10, 11, 2, 3, 4 13, 21 12, 16, 17 8, 9, 10, 11, 12 5, 6, 7 Brief Exercises 1 Exercises 1, 2, 3, 4, 5, 13 4, 6, 12, 16 4, 5, 7, 8, 9, 10, 16 3, 11, 16
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Fair Amount Value Equipment (cost $80 000) $50 000 $53 000 Inventory $70 000 $80 000 Plant (cost $300 000) 186 000 190 000 Machinery (cost $18 000) 15 000 16 000 Trademark 100 000 110 000 Land 50 000 70 000 Fittings (cost $15 000) 10 000 10 000 Goodwill 25 000 52 000 Goodwill was written down by $5 000 in the 2008 year by Neptune Ltd as a result of an annual impairment test. The plant had a further five year life at acquisition date and was expected to be used on a straight line
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and benefit more than one period Includes: o Property, Plant and Equipment Land Buildings Equipment and Machinery o Natural Resource Assets o Intangible Assets The cost of all Long-Lived Assets that decline in value will through use and/or the passage of time will have their cost allocated to the periods that receive benefit. The allocation process is called amortization generally. It is specifically called: o Depreciation – Property, Plant and Equipment o Depletion - Natural Resource Assets o
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I. Investments | | | | | | | | | | | | | | | | | | | | | | | | January 1, 2006 | | Bonds Investment (Available for Sale) | | $322,744.44 | | | | | | Cash | | | | | | | | $ 322,744.44 | | | | Purchases Bonds for Cash (Available for Sale) | | | | | | | | | | | | | | | | | | December 31, 2007 | | Cash | | | | | | $36,000.00 | | | | | | Interest Revenue | | | | | | $36,000.00 | | | | Received
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Chapter 2 – BPP coverage form Describe the types of property covered (and not covered) under the Building and Personal Property (BPP) coverage form Identify additional coverages and extensions under BPP Explain optional coverages available in the BPP form Ultimately, determine if a company has coverage for certain losses and determine the amount of loss payments Business and personal property (BPP) coverage form BPP is the most common commercial property coverage part Covers direct
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PROSPECTUS [pic] (Logo is blurred. Please provide us with a better soft copy) Contents Contents 1 1. STATUTORY CONDITIONS 6 DISCLOSURE IN RESPECT OF ISSUANCE OF SECURITY IN DEMAT FORM 6 CONSENT TO COMMENCE BIDDING BY THE ELIGIBLE INSTITUTIONAL INVESTORS FOR PRICE DISCOVERY OF ISSUANCE OF 38,600,000 ORDINARY SHARES OF HAMID FABRICS LTD 6 GENERAL INFORMATION 8 2. DECLARATIONS AND DUE DILIGENCE CERTIFICATES
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FEBRUARY FRS CONTENTS Paragraphs SUMMARY FINANCIAL REPORTING STANDARD 15 Objective Definitions Scope Initial measurement Cost Finance costs Disclosures—finance costs Recoverable amount Subsequent expenditure Valuation Frequency Valuation basis Class of assets Reporting gains and losses on revaluation Reporting gains and losses on disposal Disclosures Depreciation Depreciable amount Review of useful economic life and residual value Renewals
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Assignment 4 Kimber Wilson The Business Enterprise BUS508 Dr. Steven Brown March 13, 2011 1. Using the Current ratio, discuss what conclusions you can make about each company’s ability to pay current liabilities (debt). The current ratio is the result of Current Assets divided by Current Liabilities. Bankers and analysts use this ratio to understand a company's ability to pay short-term obligations, its liquidity. A company is generally judged "liquid" if its current ratio is 2-to-1
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Under HKAS 16, Property, Plant and Equipment (PPE) are tangible assets that are held by an entity. They are for use in the production or supply of goods or services, for rental to others, or for administrative purposes and expected to be used during more than one period. PPE includes land, land improvements, buildings, equipment, machinery and motor vehicles. In the aspect of relevance, if it is capable of making a difference in the decisions made by users, it could be defined as relevant. This
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CHAPTER 11 Depreciation, Impairments, and Depletion ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) | | |Brief Exercises | | | Concepts for | |Topics |Questions | |Exercises |Problems |Analysis | |1. |Depreciation methods; meaning of |1, 2, 3, 4, 5, 6, |
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