Business, 15.02.2020 03:00 NawnyMonster
An entity applies IFRS. At the end of the reporting period on December 31, Year 1, indications are that an entity’s machine may be impaired. The carrying amount of the machine on that day is $40,000 ($50,000 cost – $10,000 accumulated depreciation). According to the entity’s estimates, the fair value minus costs to sell and the value in use of the machine on December 31, Year 1, are $32,000 and $38,000, respectively. What impairment loss for this machine, if any, is recognized in the entity’s financial statements on December 31, Year 1?
Answers: 1
Business, 22.06.2019 07:30
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
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Business, 22.06.2019 15:30
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
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Business, 22.06.2019 21:00
After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.
Answers: 3
An entity applies IFRS. At the end of the reporting period on December 31, Year 1, indications are t...
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