right of use asset

Q: The measurement of revaluation model is at: Fair value at the date of acquisition less any…

A: As per the INTERNATIONAL ACCOUNTING STANDARD Revaluation concept the measurement of Revaluation…

Q: The amount of gain (loss) on sale and leaseback transaction is: Group of answer choices The…

A: Sales and lease back transaction refers to the transaction where an asset is sold by the seller to a…

Q: If the sale price executes at the price you specified, what would be the total loss, excluding…

A: Sales price when executed at the price specified will be equal to the breakeven price.  Break even…

Q: What entry is made when selling a fixed asset?

A: Following entry is passed when selling the fixed assets:

Q: Investment Property can be classified under the following methods except?   Cost Cost and Fairvalue…

A: Solution: Investment Property can be classified under the following methods except "Cost and Fair…

Q: fair value model for investment property differ from the revaluation model for PPE

A: Fair value model and revaluation model are methods of valuation of non-current assets as per…

Q: Consider the following graph. According to CAPM, which of the following is TRUE?       Assets E…

A: According to CAPM, The assets lying on security market line are correctly priced. The assets above…

Q: a sale-leaseback transaction, the right-of-use asset is computed as: a. Rights retained by the…

A: Leaseback refers to the concept when an asset sold by an entity is leased back from the buyer.

Q: What is Sal's basis at the sale date What is the gain realized by Sal_ What is the gain recognized…

A: As per Bartleby guidelines, in case of multi-part questions, we are only allowed to answer the first…

Q: If a company uses the fair value model to value investment property, changes in the fairvalue of the…

A: Under the fair value model, remeasuring of investment property is made at the end of each reporting…

Q: When does a buyer-lessor recognize a financial asset from a sale and leaseback transaction? Fair…

A: If sale price is greater than the fair value than the ROU asset should be recognised...

Q: Which of the following has the right to sell an asset at a predetermined price?

A: A put option is an instrument which provides its holder an option to sell an underlying asset on a…

Q: If the fair value of net assets is less than the offered price the acquisition considered as a…

A: Fair value of the assets is the amount which can be fetched by entering into sales transaction…

Q: According to PFRS 5, Assets held for sale are measured at a. fair value b. fair value less cost to…

A: 1. Assets held for sale - Assets held for sales is categorized under non depreciated asset. These…

Q: "Depreciation is a valuation process that results in the reporting of the fair value of the asset.”…

A: Fixed assets: These are the assets which were used in the business for more than one year. These…

Q: what are some pros and cons of holding high level of current assets in relation to sale?

A:

Q: GAAP requires trading and available-for-sale investments to be reported at their Group of answer…

A: REASON AS PER GAAP , TRADING AND AVAILABLE - FOR - SALE INVESTMENTS TO BE REPORTED AT THIER FAIR…

Q: hat is the amount realized in a transaction? The gain on the sale of an asset The proceeds less the…

A: Capital gain is realized from the sale of fixed assets.

Q: The amount for which an asset could be exchanged, a liability settled , or an equity instrument…

A: The amount for which an asset could be exchanged, a liability settled , or an equity instrument…

Q: If the asset or disposal group is acquired as part of a business combination, it shall be measured…

A: Business combination is the agreement or combination between two or more than two companies in which…

Q: When a group of assets is acquired for a lump sum price, the total cost should be allocated to the…

A: As per IAS 16 Property plant and equipment, When a group of assets are acquired for a lumpsum…

Q: Depreciation is a valuation process that results in the report-ing of the fair value of the asset.”…

A: Depreciation is a form of non-cash expenditure which represents the normal wear & tear and…

Q: The gain/loss related to a sale and leaseback transaction not recognized by the seller-lessee in its…

A: Rights retained .. The gain or the loss relating to a sale and leaseback transaction not recognized…

Q: What is the cost of right of use asset? 2. What is the gain on right transferred to the…

A: Cost of right of use asset 1468000 Gain on right transferred to buyer-lessor 533000

Q: iability multiplied by useful life divided by total fair value of the asset. FV of rights retained…

A: Leaseback refers to the form of arrangement that sold an asset and also has an option to lease it…

Q: When disposing of an available-for-sale investment, where is the gain or loss on disposal reported…

A:

Q: What is the treatment of any gain on a subsequent increase in the fair value less cost of disposal…

A: Subsequent will increase in truthful price. A gain for associated consequent increase in truthful…

Q: A choice of different measurement models can be applied to investment property, namely: the fair…

A: Investment property is the property which is held by the company or by any business which has been…

Q: Assets acquired ina lump-sum purchase are valued based on: a. Their assessed valuation. b. Their…

A: As per IAS 16, when more than one item of property, plant, and equipment is purchased for a…

Q: n of the following statements' is the fair value model of valuing erty?

A: The answer has been mentioned below.

Q: A right of use asset is initially measured at costs and subsequently measured using the  A. Cost…

A: An asset is the resource owned by the company for using it in the future.

Q: The amount of gain (loss) on sale and leaseback transaction is: A. The difference of fair value and…

A: Gain is booked when money is received on the sale of the asset. leasing back can be assumed to be…

Q: ds used in fair

A: Fair value: Fair value refers to the amount receivable from sale of an asset, or payable on…

Q: The price that would be received to sell an asset or paid to transfer a liability in an orderly sale…

A: In accountancy, an asset can be defined as a business item used for the purpose of running business.…

Q: A gain on the disposal of an asset indicates that the asset was sold for more than Its fair value.…

A: Lets understand the basics. When there is sale happens of asset then there is profit or loss arise.…

Q: Why is the cost of a lump-sum purchase allocated to the individual assets acquired?

A: It is necessary to allocate a lump sum purchase to individual assets in order to record a fair…

Q: What is the cost of right of use of asset?

A: Given in the question: Sales Price 20,000,000 Fair Value 18,000,000 Carrying Amount…

Q: The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange…

A: Fair Value:Fair value is the price settled and agreed by both buyer and seller, each of them acting…

Q: wo methods the Cost and the Income or Present Value (PV) methods. What is the Concluded Value?

A: Present value is defined as the discounted cash flow technique which applies to weight the items of…

Q: Which of the following scenarios regarding a sale and leaseback transaction would result to a loss…

A: If fair value is less than the carrying amount of the asset then the loss on sale back should be…

Q: If an asset is sold at a gain, why is the gain deducted from net income when computing the netcash…

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…