Table of ContentsQuestion 1. Case Study 3.1....................................................................................................................3Accounting Justification:................................................................................................................3Relevant Issues:.............................................................................................................................31.Highest & Best Use................................................................................................................32.Application to aged care home..............................................................................................33.Two possible uses..................................................................................................................3Question 2. Ex 7.14................................................................................................................................4Accounting Justification:................................................................................................................4Relevant Issues:.............................................................................................................................41.Impairment Test 31/12/16....................................................................................................4a.Calculations:.......................................................................................................................4b.General Journal Entries 31/12/16:.....................................................................................52.Impairment Test 31/12/17....................................................................................................5a.Calculations........................................................................................................................5b.General Journal Entries 31/12/17:.....................................................................................6Question 3. Case Study 6.1....................................................................................................................7Accounting Justification:................................................................................................................7Relevant Issues:.............................................................................................................................71.Difference between two phases:...........................................................................................72.Accounting for Research & Development:.............................................................................73.Decision / Conclusion / Reasons and Justification:................................................................7Question 4. Ex 9.19................................................................................................................................8Accounting Justification:................................................................................................................8Relevant Issues:.............................................................................................................................81. Deficit of Fund...........................................................................................................................82. Net Defined Benefit Liability......................................................................................................83. Net Interest................................................................................................................................84. Reconciliation............................................................................................................................95. Summary Journal.......................................................................................................................9Page 2 of 11

ACC510 (ATMC) Financial Reporting Task 2 - Major Assignment