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Discuss real-life examples of deadlock, starvation and race. Do not use computer science or computer system environment examples for this discussion forum. Give an example
Discuss real-life examples of deadlock, starvation and race. Do not use computer science or computer system environment examples for this discussion forum.
Give an example of each (one example of deadlock, one starvation and one race example). And explain.
Chi Shing Limited ("CS") has acquired two properties and details are as follows: Date of acquisition Cost Useful life Purpose of usage Property Phoenix Property Dragon 1 January 2021 1 July 2021 $3,000,000 30 years $2,000,000 10 years Head office Rented out to a third party CS has undergone a revaluation assessment and found that the market value of Property Phoenix was $3,070,000 and $2,240,000 respectively as at 31 December 2021 and 2022. The market value of Property Dragon was $2,500,000 and $1,800,000 respectively as at 31 December 2021 and 2022. On 30 June 2023, CS sold Property Phoenix for $5,000,000. On 31 December 2023, CS started to use Property Dragon as its head office. The market value of Property Dragon on 31 December 2023 was $1,650,000. CS provides depreciation for its owner-occupied properties on a monthly basis using straight-line method and revalues the properties annually in accordance with HKAS 16 Property, Plant and Equipment. Revaluation gain accumulated in revaluation reserve is transferred directly to retained profits when the property is used or disposed of. CS applies the fair value model of accounting for investment properties in accordance with HKAS 40 Investment Property. Required: Prepare journal entries to record the above transactions for the years ended 31 December 2021, 2022 and 2023.
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RealLife Examples of Deadlock Starvation and Race Deadlock Imagine a busy intersection with a fourway stop sign Two cars Car A and Car B arrive at the intersection simultaneously from perpendicular ro...Get Instant Access to Expert-Tailored Solutions
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