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Financial Statement Of Hydan Company

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Added on  2022-08-12

Financial Statement Of Hydan Company

   Added on 2022-08-12

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Running head: FINANCIAL STATEMENT
Financial Statement
Name of the Student
Name of the University
Author note
Financial Statement Of Hydan Company_1
1
FINANCIAL STATEMENT
Executive Summary:
The objective of this report is to prepare the financial statements of Hydan Co. for the year 2017.
The report focuses on highlighting the difference between the two valuation models (cost and
revaluation model). The purpose of depreciation, along with the factors affecting the useful life,
is also discussed in the paper.
Financial Statement Of Hydan Company_2
2
FINANCIAL STATEMENT
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Part (a).........................................................................................................................................3
Part (b).........................................................................................................................................4
Part (c )........................................................................................................................................5
Part (d).......................................................................................................................................10
Part (e )......................................................................................................................................11
Conclusion.....................................................................................................................................11
References:....................................................................................................................................12
Financial Statement Of Hydan Company_3
3
FINANCIAL STATEMENT
Introduction
This report aims to prepare the financial statement of Hydan Co. as on 31st December
2017 and discusses the revaluation model and cost model for recording PPE as per IAS 16.
Discussion
Part (a)
The journal entries are stated below:
Financial Statement Of Hydan Company_4

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