Karteikarten
IAS 16 - initial measurement
Karten in diesem Stapel (22)
- 1Salaries paid to employees for constructing the assetYEs
- 2Cost of site preparationYEs
- 3Costs of opening the facilityNo
- 4Administrative or general overheadsNo
- 5Delivery and handling costsYEs
- 6Installation and assembly costsYEs
- 7Costs of advertisingNo
- 8Costs of conducting businessNo
- 9Costs of testing the asset to ensure it is functioning correctlyYEs
- 10Professional feesYEs
- 11Initial operating lossesNo
- 12Non refundable taxes and other acquisitions (duties)YES
- 13Cost modelAsset carried at cost less accumulated depreciation
- 14Revaluation modelAsset carried at fair value less any subsequent accumulated depreciation
- 15Repairs to car - Expense or enhancement ?Expense
- 16Redecoration to office - expense or enhancementExpense
- 17Upgrading machine for more output - expense or enhancementEnhancement
- 18Revaluation model - true or false, if the revaluation is used, all assets within that class must be held at fair valueTrue
- 19Frequency of valuationNot specified but sufficient frequency so carrying amount does not differ materially from its actual fair value
- 20Debits and credits accounting for revaluation gainDr Asset
Cr accumulated depreciation
Cr revaluation reserve - 21debits and credits for revaluation loss no prior revaluationDr Profit or loss
Dr Accumulated depreciation
Cr asset - 22debits and credits for revaluation loss where loss is greater than revaluation reserveDr revaluation reserve
Dr Accumulated depreciation
Dr profit or loss
CR NCAsset
Informationen
- Beschreibung
- Karteikarten am IAS 16 - initial measurement, erstellt von Emily Clephan am 07/04/2018.
- Erstellt von
- Emily Clephan
- Aufrufe
- 5
- Bewertung
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