What is important for a MACRS to consider at the time of disposal?

Q: What will be the Effective Cost of Refinancing?

A: The term refinancing is related to mortgage refinancing, is a system that assists mortgage holders…

Q: Describe the procedure of handling unequal service life problems in Replacement Analysis?

A: Answer: While undertaking the replacement decisions, businesses also consider various alternatives.…

Q: What are the benefits and costs of renovation?

A: Introduction: Renovation is the improvement process in which upgrades and repair of the property are…

Q: An explanation of the overall operations of a fulfilment centre?

A: A fulfilment center is a third-party service provider who processes and sends items ordered by your…

Q: What is the auditor’s role with respect to the fixed asset system?

A: Definition: Fixed Assets: It refers to the long-term assets having a useful life of more than a year…

Q: Based on the information in the screenshot for CASE I, what value should equipment be recorded at,…

A:

Q: “Costs of abnormal spoilage are losses.”Explain.

A: Abnormal spoilage is spoilage that is not inherent in a specific production process and will not…

Q: DEFINE AND INDICATE TYPES OF DUMPING.

A: Dumping: Dumping refers to the reduced price of the products at which price the exporters exports…

Q: What is the impairment loss to be allocated to the equipment?

A: An impaired loss is the loss which results to the asset of the company as a result that the market…

Q: What type of Risks are exists in the conversion cycle?

A: Cash conversion cycle (CCC) CCC is a tool for tracking the time the company spends to get the cash…

Q: initiate the purchase requisition for fre supplies of the material?

A: Option a is wrong because the maximum level is the maximum number of inventory that can be held by…

Q: Differentiate between planned and unplanned retention and give examples of each

A: DIFFERENTIATION BETWEEN PLANNED AND UNPLANNED RETENTION S.NO PLANNED RETENTION…

Q: Why was the disposal value used for only replace and not upgrading?

A: Disposal Value will be used only in case of replacement because current machine will be sold if we…

Q: How does Target record repairs and maintenance expense?

A: Revenue expenditures:   These costs are incurred to maintain the long-term asset in good condition…

Q: Explain service method of allocating prior service cost.

A: Service cost refers to the part of pension expenses deducted every year. Service cost is amortized…

Q: Outline the main factors to be considered in selecting an appropriate depreciation method.

A: The main factors to be considered when the choosing the appropriate depreciation method are: 1.…

Q: Given the building layout for St C, and Store D, what portion c security costs should be appor

A: When the a person meant of cost is done then the distribution of cost items in proportion to the…

Q: What are the primary considerations that should be made when refinancing?

A: Individual consider refinancing of the loan because of the following reasons: Interest rates have…

Q: In purchase procedure, if any department requires fresh material, then they should

A: Option a is wrong because purchase order is the document issued by the purchase department to order…

Q: Explain term Renovation and Refinancing with example?

A: A renovation loan is a type of loan that includes the amount of mortgage as well as the amount of…

Q: What functions should be separated to segregaterecord keeping from asset custody?

A: Assets: Assets are those items that provide value for money and future economic benefit for an…

Q: Define and discuss survivorship bias and selection bias, and how they affect reported returns of…

A: Survivorship bias is a type of bias in which a person has a tendency to view the performance of…

Q: What was the acquisition cost of the equipment?

A: Given the salvage value = 15000 Useful life = 10 years Depreciation for 4th year = 63636 If the…

Q: Distinguish among spoilage, rework and scrap.

A:

Q: How to calculate deprecation

A: Fixed assets are assets which are held by the business for longer period of time. For example, Land,…

Q: Why is refinancing often done in conjunction with a renovation?

A: Income property: An income property may be well-defined as the property developed or acquired in…

Q: What are the risks that exist in the conversion cycle and the changes needed to reduce the risks?

A: The risks involved in the current system of the conversion cycle are as given below: There can be a…

Q: Identify events that might lead to disposal of a plant asset.

A: An asset is a resource owned by an enterprise and which can generate values in the future. Assets…

Q: The depletion expense is

A: Depletion: It refers to the process of proportionately distributing the cost of the extracting…

Q: What is the condition of security? Has it been reasonably well maintained or does it show the…

A: Security is a financial instrument, either equity or debt, which has some legal values. Securities…

Q: Should the component be purchased and production stopped ?

A: In relevant costing, in order to decide whether the Company should buy the product or do it's in…

Q: Environmental remediation a

A: in environmental remediation If there's no legal burden or demand in-tuned the remedy prices,…

Q: Asset disposal

A: Asset is the resources owned by a firm at a particular point of time out of which it is expected…

Q: Define the term salvage value of the equipment?

A:

Q: artnership should be adjuste

A: Partnership is a type of business. In partnership there are some Reconstruction of partnership event…

Q: risk of material misstatemen-

A: Risk of material misstatement is the vulnerability of financial statements to errors or frauds that…

Q: What questions should be asked after a returned item hasbeen counted and recorded?

A: Returned items are goods that are returned to the manufacturer or secondary retailers.

Q: Describe the methods used for computing depletion.

A: Depletion is mainly used for natural assets/resources like pool & gas, minerals etc. Depletion…

Q: Which are the Sources of Information for Identifying Distressed Properties?

A: A property is termed as "Distressed" if the loan value is higher than the offer price. A property…

Q: Which machine should be purchased? should be purchased.

A: Profitability Index: It is a measure of an investment's or project's attractiveness used in capital…

Q: Define salvage value

A: ASSET REDUCE ITS CVALUED THROUGH OUT THE LIFE OF THE ASSET.