Advanced Financial Accounting Assignment (Docs)

Added on - 22 Nov 2020

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Advanced FinancialAccounting
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
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