How are the measurement attributes historical cost and fair value defined? When are they the same?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
The historical cost also known as acquisition cost of an asset is the amount pa...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Question Posted:
Students also viewed these Accounting questions
-
Explain historical cost and fair value models of accounting. What explains the move toward fair value accounting?
-
What is the difference between historical cost and fair value measurements?
-
Cost and fair value data for the trading securities of Hayden Company at December 31, 2012, are $62,000 and $59,600, respectively. Prepare the adjusting entry to record the securities at fair value.
-
Depreciation policy is an important decision made by a company's Finance Director. A company has purchased some equipment for 85,000, with an estimated scrap value of 9,000 at the end of its useful...
-
At present, 20- year Treasury bonds are yielding 5.1% while some 20- year corporate bonds that you are interested in are yielding 9.1%. Assuming that the maturity- risk premium on both bonds is the...
-
Talk to your nursing colleagues about followership. What are their views on the concept? Was the concept ever addressed in their educational programs? Do they rate themselves as effective followers?...
-
One area that fast-food restaurants compete with one another is with the service time for the drive-through window. The following data show the drive-through service times, in minutes, for a random...
-
Discuss ways that employers might seek to restrain the salary budget.
-
16 Sunrise Corporation owns 30% of Sunset Corporation. Both are domestic corporations. Sunset pays a $10,000 dividend to Sunrise. What amount of dividend income will be included in the taxable income...
-
ALLISON BOONE, M.D. Allison Boone had been practicing medicine for seven years. Her specialty was neurology. She had received her bachelor's degree in chemistry from the University of Toronto and her...
-
Identify at least three alternatives for measuring liabilities.
-
Identify at least three alternatives for measuring liabilities. Discuss.
-
The number of accidents that a person has in a given year is a Poisson random variable with mean . However, suppose that the value of changes from person to person, being equal to 2 for 60 percent...
-
What makes a set of objects a vector space? You will no doubt want to refer to notes and the text, but I'd like you to summarize it for starters. If you have identified a vector space, for example...
-
Walla Walla Company is in its planning stage for next year. Walla Walla expects a big Quarter 3 and is creating a production budget to determine if it needs to hire more employees. Walla Walla knows...
-
Task: P9 P9a P9b P9c P9d Describe the principles and applications of electromagnetic induction Describe using a series of bullet point statements, how transformers work and how their operation...
-
Based on the given information, analyse company's financial health and provide future projections. Unit FY16 FY17 FY18 FY19 Sales Rs. Cr 134 245 371 1,159 PAT Rs. Cr (281) (585) (78) (571) Assets Rs....
-
OBJECTIVE QUESTIONS 1. In each of the following only one statement/item is correct. State which. (i) Financial Accounting helps in (a) ascertaining the financial position of the concerned firm, (b)...
-
What are some of the differences between juvenile justice systems in the United States and England? Identify two or three key differences and discuss how these differences could benefit the other...
-
Determine which of the following limits exist. Compute the limits that exist. lim x-0 1- + 3x X
-
Distinguish between Group Classification, Hierarchical and Significant Digit coding systems.
-
In 2013, Huxley Company, a real estate company, purchased some raw land for $60,000 and resold it on credit for $90,000. Because of the speculative nature of the usefulness of the land, the company...
-
Second Life Machinery Company reported the following data for its used equipment sales for 2013, 2014, and 2015. Required: Calculate how much gross profit and net income Second Life will recognize in...
-
On April 16, 2013, Winger Company shipped 10 tractors to Yuma Farm Supply Company on consignment. Each tractor cost $30,000, and Winger incurred cash shipment costs of $100 per tractor. The...
-
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
-
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
Study smarter with the SolutionInn App