PART A The whole world was facing an epidemic, COVID-19 in the year 2020. On March 15, the Malaysian government announced a special grant to purchase equipment for those who are willing to manufacture a special suits for the frontliners fighting the disease. YY Sdn Bhd applied for the grant and received the approval for RM30,000 to purchase the equipment on 20 March 2020. The equipment cost RM70,000 and YY began manufacturing the suits beginning 1 April 2020. The grant was received on 15 April 2020. The equipment was expected to have a useful life of 3 years with a scrap value of RM10,000. YY uses the vriteoff against asset method. "Y's year end is 30 June. They depreciate their equipment on a straight line basis. equired: epare the journal entries to record the purchase of the equipment, the grant and the preciation for the year ended 30 June 2020.

PART A The whole world was facing an epidemic, COVID-19 in the year 2020. On March 15, the Malaysian government announced a special grant to purchase equipment for those who are willing to manufacture a special suits for the frontliners fighting the disease. YY Sdn Bhd applied for the grant and received the approval for RM30,000 to purchase the equipment on 20 March 2020. The equipment cost RM70,000 and YY began manufacturing the suits beginning 1 April 2020. The grant was received on 15 April 2020. The equipment was expected to have a useful life of 3 years with a scrap value of RM10,000. YY uses the vriteoff against asset method. "Y's year end is 30 June. They depreciate their equipment on a straight line basis. equired: epare the journal entries to record the purchase of the equipment, the grant and the preciation for the year ended 30 June 2020.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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KINGDOM OF SAUDI ARABLA MINISTRY OF HIGHER EDUCATION 4 Imam Muhammad thn Sand hlamie Universio College of Ecenomies and Adminirative Selenees Department of inance and Investment Acedemic year1442-144 Level i four Caurne Princiuler af finance and investment-FINI02 Home exercises 1 All results must be numerie and rounded to the nearest hundredth When you round off to the hundredih digit, you look at only the thousandth digit Le you focus only on the next digit. Say x- 8678.4546 When you round it to the nearest hundredth digit, you get - 8678.45 Say z= 8678.4556 When you round it to the nearest hundredth digit. you get z 8678.46 Question1: You are given the following information about a corporation. Statement income 2019 2020 Sales 250 300 Operating costs Depreciations Net Working Capital Capital Spending If we assume the firm faces a 20% tax rate, calculate the free cash flow (FCF) for the year 2020. 180 200 45 20 50 25 45 50 Question2: You are considering an investment in a new project.…
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financial management ch 18 hw please show work, thank you. question 8
A6.
What is the 'UNLEVERED PROFIT AFTER TAX' in the year 2019? Rs. 0.41 million Rs. 0.51 million Rs. 0.91 million Rs. 3.80 million
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