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stealth61 [152]
3 years ago
14

In what ways does the format of a statement of financial or position under ifrs often differ from a balance sheet presented unde

r gaap?
Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0
Umm can someone answer this please because i need help on this as well
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A machine which cost $400,000 is acquired on January 1, 2017. Its estimated salvage value is $100,000 and its expected life is f
Soloha48 [4]

Answer and Explanation:

The computation of the depreciation expense for 2017 and 2018 under the following methods

a. Straight-line method

= (Purchase cost - residual value) ÷ (estimated life)

= ($400,000 - $100,000) ÷ (5 years)

= $60,000

Since the depreciation expense under this method would remain the same for the remaining useful life

So for 2017 and 2018, the depreciation expense i.e. $60,000 would be charged every year.

b. Under the sum-of-the-year-digits method

For 2017,

= ($400,000 - $100,000) × 5 years ÷ ( 5 + 4 + 3 + 2 + 1)

= $300,000 × 5 years ÷ 15 years

= $100,000

For 2018, the book value is

= $400,000 - $100,000

The $100,000 is the depreciation expense of 2017 year

= $300,000 × 4 ÷ 15

= $80,000

3 0
2 years ago
A factor that most influences changes in consumer demand is
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A factor that most influences changes in consmer demand is pice makes the most senice to me good luck
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How do I quit my job as cashier already wrote resignation letter
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Suppose you invest in 100 shares of Harley-Davidson at $60 per share and 300 shares of Yahoo at $25 per share. Over the next yea
Alexxx [7]

Answer:

(a) $0 (b) 0% (c) 50% (d) -40% (e) 0.444 and 0.556 (f) -0.05

Explanation:

(a) Profit (in $) = (increase in price per share of Harley-Davidson * number of Harley-Davidson shares held) - (decrease in price per share of Yahoo * number of Yahoo shares held)

= $90 - $60 = $30 increase in Harley Davidson and $25 - $15 =$10 decrease in Yahoo

= ($30*100) - ($10*300) = $0

(b) return on portfolio = return/capital invested * 100 = $0/($60 * 100 + $25 * 300) = $0/$13500 = 0%

(c) return on investment in Harley = return/capital invested in Harley * 100 = $30*100/$60*1000 = $3000/$6000 = 50%

(d) return on investment in Yahoo = return/capital invested in Yahoo * 100 = -$10*300/$25*300 = -$3000/$7500 = - 40% (negative rate of return)

(e) Weighting at the beginning of year (in decimals)

Harley Davidson = $60 * 100 units/ total invested ($60 * 100 + $25 * 300)

                            = $6000/$13500 = 0.444

Yahoo = $25 * 300 units/ total invested

           = $7500/$13500 = 0.556

(f) realized returns (as a decimal) of the portfolio = 0.444*50% + 0.556*-40%

                                                                                 = -0.0493728

                                                                                 = - 0.05 (to decimal places)

3 0
3 years ago
If the expected sales volume for the current period is 9,000 units, the desired ending inventory is 200 units, and the beginning
damaskus [11]

Answer:

C. 9100

Explanation:

Beginning Inventory+Sales - Ending Inventory

300+9000-200=9100

8 0
3 years ago
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