What basis does Forest Corporation has in: Equipment Land Office equipment

Q: The local parkland is owned and maintained by the local government council. Questions : Is the…

A: An asset can be defined as any resource that is owned or controlled by an entity and has the…

Q: Explain how to account for one of these assets:  Patents,  Trademarks, Goodwill, or Natural…

A: Goodwill is an intangible asset. In layman terms it means reputation. Goodwill is the additional…

Q: Define the term “intangible assets” in accordance with IAS 38. Take a financial statement for an…

A: As per IAS 38,intangible asset is an identifiable non-monetary asset without any physical…

Q: Why should corporations have their real estate appraised on a regular basis?

A: Real estate is the property with the developments such as land and building, and the natural…

Q: How is property, plant, and equipment measured on the balance sheet under IFRS? How does this differ…

A: Generally Accepted Accounting Principles: The principles which are followed by the management to…

Q: Describe how property, plant, and equipment disposal is accounted for

A: Property, plant, and equipment disposal is accounted will be explained :

Q: Which is an example of an intangible asset? Cash Investment in subsidiary companies Furnitures…

A: Intangible Assets are the assets which are non-monetary and have no physical substance. These assets…

Q: What are plant assets?

A: Solution:- Plant assets means as follows under:-

Q: Which of the following does define investment property? Property held to earn rentals Right of use…

A: Investment property is property (land or a building or part of a building or both) held (by the…

Q: What is included in the original cost of property, plant, and equipment and intangible assets…

A: Original Cost of Property, Plant and equipment and intangible assets acquired in exchange…

Q: purchase of land is a financing activity

A: There are three main activities is determined under the statement of cash flows, cash from operating…

Q: If an entity uses an insignificant part of a building for their own use, and rents the remainder.…

A: Lets understand the basics. As per  IAS 40 "Investment property", it is a property held by the owner…

Q: Question 3 The type of intangible assets in which the right granted by a company or the government…

A: Intangible Assets Any economic or non-financial item that cannot be physically touched is considered…

Q: Under U.S. GAAP, what alternatives do companies have to value their property, plant,and equipment?

A: According to US GAAP, the Property,plant & equipment are to be recognized and measured only…

Q: The responsibility for collection of GST/HST when taxable supplies are purchased falls upon the…

A: The goods and services tax (GST) could be a tax simply pay on most products and administrations sold…

Q: Describe the financial statement presentation of and disclosures relating to property, plant,and…

A: The IAS 16 is responsible for disclosure about property, plant & equipment & IAS 38 deals…

Q: Definition of Land Improvements

A:

Q: Write the definition, recognition, measurement and derecognition  for the following:   Intangible…

A: International Financial Reporting Standards, generally called IFRS, are the accounting standards…

Q: Is property, plant and equipment is classified as non-current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…

Q: How do businesses account for depletion of natural resources? What is the relevant AASB regarding…

A: SOLUTION- NATIONAL RESOURCES (NR) ARE ASSETS IN THE FORM OF INVENTORIES FOR COMPANIES WHOSE MAIN…

Q: Why was land registration a critical issue in maintaining property rights?

A: The primary goal of property rights, as well as their primary accomplishment, is to eliminate…

Q: National Investment Company explain the services provided by

A: National investment company is where there are large numbers of investors who bring large amount of…

Q: What is Asset Management House  structure (compare also UK and PH)?

A: Answer:-  Asset Management House meaning:- A fund house that combines money from multiple sources…

Q: How can I compute the acquasition of plant assets?

A: The acquisition cost incurred on a plant asset is the cost expended to acquire and place the asset…

Q: Identify the amounts included in the measurement of the right-of-use asset.

A: Following are the amounts included in the right-of-use asset: 1) Lease liability at its initial…

Q: Intangible assets do not include:

A: The correct answer is: (E) Land held as an investment  Land held as an investment is not an…

Q: How do land improvements differ from land?

A: Land improvement:   Improvements are made on a plot of land in order to make it more usable. These…

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to the acquisition of…

A: Property, Plant, and Equipment:   Property, plant, and equipment are those assets which are…