Corporate Accounting and Reporting

Posted on September 19, 2017 by Cheapest Assignment

Order Now

Corporate Accounting and Reporting

 

Part A:1000 word short essay about the following:        
Disclosure of an impairment loss.              
                   
Part B:                  
Gali Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2015 are as follows:

https://cheapestassignment.com/bsbsus501-develop-workplace-policy-and-procedures-for-sustainability-2/

Account Carrying Amount                
Patent 349000                
Equipment 80000                
Fittings 50000                
Inventory 22000                
Goodwill 18000                
Total CA 519000                
 Corporate Accounting and Reporting                  
Gali Ltd calculated the value in use of the division to be: 465000          
If the fair value less costs of disposal of the   Patent is: 335885          
Required                  
Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.
                   

Accounting: Concepts and Principles

The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references.

HI3042 Taxation Law

Order Now