Answer:
resources like land, tools, money, time, labor and enterprise
Answer:
$35,000
Explanation:
Under IAS 36, an asset is said to be impaired where the carrying amount is more than the recoverable amount.
The recoverable amount is the higher of the fair value less cost to sell or the value in use which is the present value of the expected future cashflow.
Given that;
Carrying Amount = $120,000
Selling Price = $80,000
Costs of Disposal = $5,000
Hence fair value less cost to sell = $80,000 - $5,000 = $75,000
Expected Future Cash Flows = $90,000
Present Value of expected future cash flows = $85,000 ( this is the value in use)
Recoverable amount = $85,000 (since the value in use is higher that the fair value less cost to sell)
This is lower than the carrying amount hence the asset is impaired.
Impairment = $120,000 - $85,000
= $35,000
Answer:
The answer to this question is given below in the explanation section.
Explanation:
In this question, it is asked about two things. Registering and business and registering a website.
First, we explore registering a business, and then we will explore registering a website.
Registering a business:
In any economy or any country, if you are making any type of business and it is legally approved by that government, then it is your moral duty to register the business because government collect taxes from registered business and give benefit in return to those whose business is registered.
To register a business, it requires you to register your business with company registration institution. The business that has registration considered authentic and legally proved business and everyone can trust these businesses while dealing. Government gives incentives and benefits to registered business and solve their issues if they have any, for example, to do import and export, the government facilitate you in this regard.
Registering a business website:
Registering a business website is like to make your online existence that everyone globally approaches you. Registering a business and registering a website, both are different things. Registering a business website, or getting a domain for your site, does not count as registering it. The procedures for registering a business in any country is different than registering or getting a domain name for your website. for example, if I am in Pakistan, and I want to register my website, it might chances that I will register it on Microsoft cloud or google cloud. This registration does not contribute and give benefit to Pakistan in the collection of tax. And the government does not give me incentive as likes others who have registered their business with registration body.
Answer:
Yes, Dealer could collect damages from GM because basically GM breached the contract. Any time a contract is breached, the non-breaching party can sue. But the real question here is what amount could the court assign to Dealer as compensation for damages incurred. If you want to rephrase this question, it would be: What damages did Dealer suffer due to GM's breach.
If the damages are not significant, then the court will probably assign some amount for nominal damages. To be honest, the greatest expenses here are actually the legal costs of the lawsuit. Unless Dealer can prove that assigning the contract actually hurt them (which I doubt), then the court will assign a small amount. Sometimes nominal damages can be very small and mostly symbolic, e.g. $1.
