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the elegant software company recently completed the development and testing of a new software program that provides the
british airways plc ba a uk company prepares its financial statements according to international financial reporting
1 identify and define the three characteristics of an asset that must be established to determine periodic depreciation
1 why are time-based depreciation methods used more frequently than activity-based
1 what are some factors that could explain the predominant use of the straight-line depreciation
1 briefly explain the differences and similarities between the group approach and composite approach to depreciating
1 what are some of the simplifying conventions a company can use to calculate depreciation for partial
1 explain the accounting treatment required when a change is made to the estimated service life of a
1 explain the accounting treatment and disclosures required when a change is made in depreciation
1 explain what is meant by the impairment value of property plant and equipment and intangible assets how should these
1 identify any differences between us gaap and international financial reporting standards in the methods allowed to
1 briefly explain the differences between us gaap and ifrs in the measurement of an impairment loss for
1 at the beginning of its fiscal year koeplin corporation purchased a machine for 50000 at the end of the year the
on january 1 2011 canseco plumbing fixtures purchased equipment for 30000 residual value at the end of an estimated
1 refer to the situation described in be 11-2 assume the machine was purchased on march 31 2011 instead of january 1
1 fitzgerald oil and gas incurred costs of 825 million for the acquisition and development of a natural gas deposit the
1 on june 28 lexicon corporation acquired 100 of the common stock of gulf amp eastern the purchase price allocation
1 at the beginning of 2009 robotics inc acquired a manufacturing facility for 12 million 9 million of the purchase
1 refer to the situation described in be 11-7 assume that instead of changing the useful life and residual value in
1 refer to the situation described in be 11-7 assume that 2009 depreciation was incorrectly recorded as 32000 this
1 refer to the situation described in be 11-10 assume that the present value of the estimated future cash flows
1 refer to the situation described in be 11-13 assume that sccs fair value of 40 million approximates fair value less
1 demmert manufacturing incurred the following expenditures during the current fiscal year annual maintenance on its
on january 1 2011 the allegheny corporation purchased machinery for 115000 the estimated service life of the machinery
island novelties inc makes two products hawaiian fantasy and tahitian joy present revenue cost and sales data for the