Kế toán tài chính quốc tế 1

minaaal

New Member
Hội viên mới
Beta Co is operating in heavy duties tool industry with the financial year ended on 31st December. On 1st January 20X0, Beta Co acquired a production machine from MYCA Co. The following information is available in relation with the machine:​

Machine’s list price (10% recoverable VAT included)​
$2,530,000​
Import duties (Irrecoverable)​
$126,500​
Staff training​
$150,000​
Installation​
$81,200​
Site preparation​
$44,800​
General overheads​
$125,000​
Transportation​
$30,000​
Testing cost​
$57,000​
In addition to the information given in table, Beta Co was granted a trade discount of 10% on the list price of the machine. At the purchasing point, the estimated useful time of this machine is 12 years and residual value is immaterial. Also, straight-line depreciation method is applied.

Requirements:

On what amount the machine should be initially measured on 1st January 20X0?

On 1st Jan 20X2, the following costs have been occurred in relation with this machine:​

Costs​
Amount​
Service cost (maintaining cost)​
$50,000​
Legal cost for the dispute with local residents due to the noise claim​
$125,000​
Which of the above cost capitalised under requirement of IAS 16 – PPE?

The following information is available for the machine:​

Valuation time​
1st January 20X4​
Revalued amount​
$1,200,000​
The company decides to transfer the revaluation reserve (if any) to when the PPE is derecognised. Also, the company choses to eliminate the depreciation against the carrying value of the PPE in revaluation event. Determine all accounting entries in 20X4 in relation to the machine?​

On 1st Jan 20Y0, Beta Co decided to sell this machine for $800,000 cash. Determine the accounting entries for this event on that day.



Note: Detailed working is required for above requirements.
 

CẨM NANG KẾ TOÁN TRƯỞNG


Liên hệ: 090.6969.247

KÊNH YOUTUBE DKT

Kỹ thuật giải trình thanh tra BHXH

Đăng ký kênh nhé cả nhà

SÁCH QUYẾT TOÁN THUẾ


Liên hệ: 090.6969.247

Top