Q.3.2 Record the packaging machine as it would appear in the asset register at 31 December 2021 using the template below:

Q: critically explain any four main disclousures relating to IAS 38 intangible assets by providing…

A: Intangible assets are the one which have the useful life and are amortized over a period of life.…

Q: Answer the below questions using the FASB Codification. Make sure that you properly cite the ASC…

A: According to ASC 410-20-25-1, an Asset Retirement Obligation (ARO) is a legal obligation associated…

Q: Which of the following would be classified as an intangible asset on the balance sheet? Mutiple…

A: These are the long-term assets that are not physical in nature but possess value. The intangible…

Q: With reference to IAS 16 (Property, Plant and Equipment), discuss the differences between “the cost…

A: IAS 16 relates to the accounting for property, plant, and equipment unless another standard requires…

Q: Would you please explin step 4  from where you for total assets and euity

A: Total assets includes the current assets as well as non current assets (including tangible and…

Q: How to value the assets of property, plant and equipment

A: Property, plant and equipment are regarded as tangible fixed assets and they should be valued…

Q: Which of the following shipping terms would normally indicate that risk of loss and damage during…

A:

Q: Which of the following is not included as part of the cost of an item of property, plant and…

A: Property, Plant and Equipment refers to All fixed Asset having long useful life more than One year.…

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: Which one of the following accounts is an asset similar to work-in-process inventory? Group of…

A: An asset refers to the resource of the business that can be utilized for the purpose of revenue…

Q: Q4. Critically evaluate the approach adopted under IAS 38 in accounting for intangible assets. Your…

A: Definition of Intangible assets intangible asset is an identifiable , non monetary , without…

Q: Which of the following accounts would be classified as a current asset? Group of answer choices land…

A: Current assets are those assets that can be liquidated or converted into cash easily. Any asset…

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: In accordance with IAS 2 Inventories define the terms "inventories" and "net realisable value”.…

A: Inventories as the name states is one the asset to the company or any business which comes under the…

Q: hich of the following not a current asset. Office Supplies Patent

A: Solution: Current assets are those assets of the company which include cash and all other assets…

Q: Accounting Act §5-3.2. paragraph regulates depreciation of property, plant and equipment. What…

A: Depreciation refers to writing off the cost of a asset over its useful life in the ratio of economic…

Q: Assuming IASB board is considering amendment to the IAS 16: Property, Plant and Equipment, what…

A: The primary objective of IAS 16 is to prescribe the accounting treatment of property plant equipment…

Q: Discuss TWO criteria that must be satisfied for an item of property, plant, and equipment to be…

A: Plant, property and equipment are the assets which fall under the category of the fixed assets to…

Q: Give an example and explain how to journalize depreciation entry.

A: Depreciation is a reduction of value of an asset over its useful life time. It is an accounting…

Q: the building and journalize the purchase.

A: Definition: Property, plant, and equipment: These assets are long-lived economic resources which are…

Q: Describe an asset held for sale and state three conditions that must apply?

A: Asset held for sale::: It is  a current asset or disposal group to be classified as held for sale if…

Q: 57. All of the following would appear on a written appraisal report EXCEPT the A. date of the value…

A: As per our guidelines, in case of multiple questions, we can only solve the first question. In case…

Q: what is the closing checklist in the property amanagement?

A: The supervision, administration, and control of real estate on behalf of property owners is known as…

Q: Which of the following would be correctly classified as an intangible asset? Select one: O a. Brand…

A: Intangible assets are those which does not have any physical existence but have economic value. The…

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: What are the examples of fixed asset? Apakah contoh asset tetap?  i. Land /Tanah ii. Building…

A: Fixed Assets :— Fixed Assets is Capital in Nature. Any Expenditure which gives Long Term Benefits is…

Q: Two intangible assets that might be reported in the Statement of Financial Position are: O a.…

A: intangible assets - intangible assets are the type of fixed assets that cannot be touch, feel and…

Q: Assuming cost model was used for the Real Property B, what is the carrying value of the property as…

A: Under cost model, an asset is valued and carried at cost less depreciation in the subsequent years.…

Q: Explanation on the disclosure requirements for the accounting treatment of the intangible asset…

A: As quoted by IAS 38, Intangible assets refer to an "identifiable non- monetary asset without…

Q: Why should the Copies of all approved requisitions for payment be kept at the site?

A: Purchase Requisition: It is a document that an employee uses to order a request or make a purchase,…

Q: Refer to the definition of assets on page 204. Discuss howa leased building might qualify as an…

A:

Q: 1. Many of the accounting standards in GAAP for current asset accounts are with the international…

A: GAAP (generally accepted accounting principles) are set of accepted rule, procedures and guidelines…

Q: Explain the difference between Tangible Assets and Intangible Assets Please do fast ASAP fast

A: Tangible and Intangible Assets

Q: IAS 38-Intangible Assets specifies the criteria that must be met before intangible asset can be…

A: 1. Goodwill is calculated as premium paid over the fair value of assets during the purchase of a…

Q: Which of the following would be correctly classified as an intangible asset? Select one: O a. Brand…

A: Intangible assets are non-physical assets that provide future economic value to the business entity.…

Q: Q23 What is process that is done in HRA, the same way like that of any other physical asset? In…

A: Accounting is essential to operating a company since it allows businesses to track income and…

Q: Outline the accounting entries required when plant assets are disposed by a company.

A: To dispose the plant assets by a Company would mean to write off the assets from the books. The…