Table of ContentsINTRODUCTION ..........................................................................................................................3QUESTION 1...................................................................................................................................3Calculation of depreciation expense and gain/loss on machinery..........................................3QUESTION 2 ..................................................................................................................................4Journal entries for passing effect on revaluation of asset and the subsequent depreciation ofthe revalued net- amount method...........................................................................................4QUESTION 3 ..................................................................................................................................6a)Any goodwill acquired and if so then how much?.............................................................6b) can Tamarama can revalue the goodwill upwards in subsequent periods.........................7QUESTION 4 ..................................................................................................................................7a) Determining the Net Present Value (NPV) of lease payment ...........................................7b) Proving that rate of interest is implicit in the lease is 6 %.................................................8CONCLUSION ...............................................................................................................................8REFERENCES ...............................................................................................................................9
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Depreciation Expense Calculationlg...
|4
|747
|99
Question 1. In the books of Sunshine Limited. Journal Elg...