What kind of plant assets are used in a spesific company or place of business? What is the estimate of the amount invested in those plant assets?
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What kind of plant assets are used in a spesific company or place of business? What is the estimate of the amount invested in those plant assets?
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- What are the general rules for how gains or losses onretirement of plant assets should be reported in income?How can I compute the acquasition of plant assets?What are plant assets? What is depreciation and what are the main methods and their descriptions used to record depreciation? How are plant assets disposed? What are intangible assets?
- Companies have a significant amount of investment in long-lived assets, which include property, plant, and equipment (commonly referred to as plant assets); and intangible assets. We will also discuss different types of liabilities and understand how to account for and report those liabilities. What kind of plant assets are used in a specific company or place of business? What is the estimate of the amount invested in those specific plant assets?What is a portion of plant asset cost allocated as expense for the period? What is the difference between the plant asset cost and the related accumulated depreciation?All of the following are characteristics of plant assets EXCEPT which one? They are long term in nature They posess physical substance They are acquired for use in the operatations of the business They are held for resale
- What is book value (or net book value) of plant and equipment and on which financial statement is it reported? Book value is the difference between Accumulated Depreciation and market value, and it is reported on the income statement. Book value is the difference between historical cost and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between Depreciation Expense and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between historical cost and market value, and it is reported on the balance sheet.Companies have a significant amount of investment in long-lived assets, which include property, plant, and equipment (commonly referred to as plant assets); and intangible assets. We will also discuss different types of liabilities and understand how to account for and report those liabilities. What kind of plant assets are used in apple? What is the estimate of the amount invested in those specific plant assets?Property, plant and equipment are: A. Current assets.B. Used in operations.C. Natural resources.D. Long-term investments.E. Intangible.
- Selected accounts from Ridley Company's adjusted trial balance for its December 31 year-end follow. $ 6,600 Trademarks 6,800 Cash 1,800 Buildings 18,800 Land Copyrights Inventory Accumulated amortization-Copyrights Accumulated depreciation-Buildings Prepare the assets section of its classified balance sheet. RIDLEY COMPANY Balance Sheet December 31 $ 20,800 8,800 91, 200 35,800What do you know about PPE ( property, plant and equipment ? • What range of measures is used to determine amounts for these items in the reports of the individual companies? • Do you think it is valid to add the items, given the measures used? • How would you interpret the total amount for property, plant and equipment in the financial statements? • Compare the measures used by the different companies for similar items. Are there any inconsistencies in how similar items are measured by the different companies? Answer above by seeing 2020 annual report of Coles & WoolWorths AU and evaluate the PPE disclosure of WOW and COL.Describe the different methods available for recording depreciation on plant assets. Recommend the approach that you feel would be most advantageous for your selected company and explain why. Discuss the process for reporting contingent liabilities in the financial statements. Provide two examples of contingent liabilities that you might expect to see on your selected company’s balance sheet
