Define estimated useful life

Q: Define actuarial rate of return

A: Definition: Actuarial rate of return is the expected value of losses of an insurance company that…

Q: Define the conversion cycle.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: Define current asset

A: Current Assets are those assets that are to be held for short term and can be converted into cash…

Q: Explain how the activity resource usage model is used in assessing relevancy.

A: Decision making is an important component of every single business. The end results of the…

Q: An estimate of how an asset will be used up over its useful life is known as what?

A: This question tells about you have a good idea of how much of an asset you'll utilize throughout…

Q: Define Service period

A: Introduction: Usually, service is nothing but something that is supposed to support other who offer…

Q: the amount of relevant costs that would be saved

A: Relevant costs mean the variable costs that affect the decision making.

Q: define current asset and explain the particularity of an operating cycle

A: Solution:- a)Explanation of current assets as follows:- 1)Definition:- Current assets means assets…

Q: Define restructuing costs.

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Define Current assets

A: Introduction: Assets are the properties acquired and managed by business as a result of past events…

Q: Net defined benefit asset results in Current service cost Interest expense Interest revenue

A: As per IAS 19 of IFRS mentions how the accounting should be done to employee benefit other than…

Q: Define each of the following terms:d. Flotation cost, F

A: Primary market is the place where company sells or offers new equity shares to the investors. New…

Q: e total maintenance cost.

A: Note : "Since you have asked multiple question, we will solve the first question for you. If you…

Q: The three factors in cost allocation of a depreciable asset are service life, allocation base, and…

A: Cost accounting system: Cost accounting system of an organization consists of procedures and…

Q: An

A: Property Plant and Equipment: It is the tangible asset used in the business to generate revenue. It…

Q: tirst cost for E M&O for A salvage value Proc First

A: Given: Two alternatives A and B is: 0 = -53,000+ 21,000(P/A, ∆i*B-A,5) + 80000(P/F, ∆i*B-A,5)

Q: Define the term Current cost.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Define period costs.

A: Period costs are not joined to items and the company does not need for Offer on Sale of items and…

Q: Define conversion ratio

A: Ratios are used in financial analysis to determine different aspects about the financial condition…

Q: Distinguish between measuring assets based on current cost and historical cost.

A:

Q: Compute for the adjusted balance of "DELIVERY EQUIPMENT

A: The question is related to Property, Plant and Equipment. The adjusted balance of delivery equipment…

Q: How is life-cycle-cost analysis useful?

A: Life Cycle Costing (LCC) is a process of accounting which is used by the owner or management of an…

Q: Determine the acquisition cost of the equipment.

A: EA3) Depreciation under straight line = (Acquisition value - salvage value)/Useful life Acquisition…

Q: ce raise and operation of busin long period of time? Explain in

A:

Q: Define Cost recovery method

A: Cost recovery is a method in accounting wherein a business only records the revenue it earns from a…

Q: percentage of completion method

A: Under percentage of completion method revenue and expenses are recognised based on the percentage of…

Q: Define Exercise date

A: Introduction: Option is a financial derivative and a two party contract to swap some asset or item…

Q: hat is the approximate internal rate of return of the equipment

A: We can compute internal rate of return with the help of incremental cash flows and IRR function in…

Q: Find Total Current Assets.

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Describe the cost of fixed assets.

A: Fixed Assets - Fixed Assets are assets that are non-current in nature. These assets are purchased…

Q: effect of a change in useful life and residual value

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Explain the accounting treatment required when a change is made to the estimated service life of…

A: .

Q: Define useful life

A: Depreciation is the systematic allocation of the depreciable amount of an asset over its useful…

Q: Define conversion price

A: Introduction: The conversion price is stated when the security is delivered. In case of a…

Q: Define the term Perpetual Service Life of a project?

A: Perpetual service life means that the project will continue in the same manner that would…

Q: Describe the accounting and amortization of prior service costs.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Calculate modified duration using the information provided.

A: Modified duration is a measure used for finding the bond's price volatility. Modified duration is…

Q: Define average collection period (ACP)

A: The formula used for calculating ACP is:

Q: useful life

A: The useful life, carrying value and residual value are terms in accounting related to fixed assets.

Q: Project's Life Is Longer than the Analysis Period. Explain how?

A: The question is based on the concept of capital budgeting and life of project. The life of project…

Q: The service life of an asset may be measured by all of the following, except a. Units of output b.…

A: The service life of an asset is the estimated useful life of an asset.

Q: Q:Describe the following terms:…

A: Bid Security: Despite the relaxations granted in the General Financial Rules (GFRs) 2017, bid…

Q: Define Long-lived assets

A: Assets are something that contain some value or its has some future benefits. The assets can be, a.…

Q: Define Replacement cost.

A: Replacement cost is defined as the measure of cash required to change the current resource with a…