Why are the fair- value increments and decrements on depreciable capital assets amortized? What is the basis
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
The fair value increments and decrements are really just a part of ...View the full answer
Answered By
Neeraj Patel
Education: Bachelor's of Technology in Mechanical Engineering
Work Experience: Engine quality, Senior Manager, TATA Motors
I have been working in Automotive Industry for almost 3 years. I have a very good knowledge and exposure in the areas of automobile especially engines and transmission. I also have certification in electric powertrains. I have designed the off road vehicle powertrain in college achieving the desired torque and power with great efficiency. I am involved in testing of engine's. I'm involved in the analysis of various issues related to engine and responsible for elimination of the causes of those issues using various analytical and quality control tools.
Being a mechanical engineer, I have also been good in thermodynamics, mechanics and strength of materials. Also I have exposure in using MATLAB.
I have been giving training on engines and their performance parameters to newcomers since 2 years. Facilitation will be followed by a written or oral test so that all the guys must grasp what they have learned. Apart from this, I have been teaching children belonging to poor and backward communities.
According to my students and interns, I'm very good at explaining things and simultaneously very motivational.
Apart from technical aspects, I'm very good in English as well (TOEFL- 100)
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted:
Students also viewed these Accounting questions
-
What is the basis for determining compensation cost in an equity-settled share-based payment transaction with nonemployees? With employees?
-
What is Kellys basis for her partnership interest in each of the following independent situations? The partners share the economic risk of loss from recourse liabilities according to their...
-
What is the basis for trade: absolute advantage or comparative advantage? How can an individual or a country gain from specialization and trade?
-
Determine how current values might be determined for investments, land, buildings, equipment, patents, copyrights, trademarks, and franchises. How might the use of current values in the accounting...
-
Sovereign Life Insurance Company of Canada offers $250,000 of term life insurance to a 45-year-old male for an annual premium of $716 (in advance) or for monthly premium payments (in advance) of...
-
Villa Consultant Companys adjusted trial balance at the end of its fiscal year follows. Required 1. Prepare the required closing entries. 2. Explain why closing entries are necessary at the end of...
-
Describe the four types of data analytics.
-
Norton Corporation manufactures model airplanes. The company purchased for $190,000 automated production equipment that can make the model parts. The equipment has a $10,000 salvage value and a...
-
1. Refer to Table 9-1. (LG 9-4) a. What was the spot exchange rate of Canadian dollars for U.S. dollars (USD/CAD) on July 15, 2016? b. What was the six-month forward exchange rate of Cana- dian...
-
Le Roi du Plastique Sarl has two processes extrusion and thermo-assembly. Consider the June 2022 data for physical units in the thermo-assembly process of Le Roi du Plastique: opening work in...
-
How is goodwill arising from a business combination accounted for in years following the combination?
-
When is it necessary to eliminate the profit on intercompany transactions?
-
Explain why counter trade is often viewed as a necessary evil.
-
The function f is defined by f = {1-1-2 1 x 1 and 1+ log 2 > 1.Then what can we say about the function at x = 1? Ofis continuous but not differentiable at x =1. O Neither continuous nor...
-
A system that uses the Banker's Algorithm has six processes and four types of reusable resources (R1, R2, R3 and R4). The current allocation, maximum needs (claims) and available resources are as...
-
The video link below will give an overview: https://www.youtube.com/watch?v=gTEMMiQXXVg NASA has made news in recent years due to its development of the controversial EmDrive, an "impossible" engine...
-
The following selected accounts from the Ivanhoe Corporation's general ledger are presented below for the year ended December 31, 2025: Advertising expense $ 57,000 Interest revenue $ 34,000 Common...
-
why are not all indigenous people peasants but a lot of peasants are indigenous people
-
Name the following molecules with the appropriate stereochemical designation. (a) (b) (c) (d) CH3CHCH OH C H CH3
-
If a and b are positive numbers, find the maximum value of f ( x ) = x a (9 x ) b on the interval 0 x 9.
-
If you've ever received a box of candy hearts imprinted with cute sayings for Valentine's Day, you know about the New England Confectionery Company, or Necco for short. Behind the scenes of the...
-
Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1, 20X2, at underlying book value. The companies reported the following operating results and dividend payments...
-
Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1, 20X2, at underlying book value. The companies reported the following operating results and dividend payments...
-
Phillips Company bought 40 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. In 20X1, 20X2, and 20X3, Jones Bag reported the following: The balance in Phillips...
-
If the required margin for a futures contract is 3 0 % of the position s value. You take a long position on the futures. The value of position initially is $ 1 , 0 0 0 . How much is the margin that...
-
one - year treasury securities yield 6 . 6 % , 2 year treasury securities yield 5 . 9 % and 3 year tresurary securities yield 6 . 1 % . Assume the expectations theory holds. what does the market...
-
Your company is a new firm in a rapidly growing industry. It is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 5% per year. If...
Study smarter with the SolutionInn App