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Based on JB HIFI's 2017 financial summary (2)Charles Boutique Books Pty Ltd aspires to one day become a publically listed Company on the Australian Securities

Based on JB HIFI's 2017 financial summary

  1. (2)Charles Boutique Books Pty Ltd aspires to one day become a publically listed Company on the Australian Securities Exchange and grow to be of a similar size as JB Hi-Fi Limited. The Managing Director of Charles Boutique Books Pty Ltd, James Lowe, has asked you to refer to the recent 2017 JB Hi-Fi Limited Annual Report (which is available on LMS) and write him a report which addresses the following matters.
  2. (i) explain to James Lowe the reason for, and process of depreciation.
  3. (ii)Refer to the JB Hi-Fi Limited Annual Report on LMS. Give examples and explain what Intangible Assets are, then describe their treatment in the Financial Statements.
  4. (iii) explain the significance of the 'Going Concern' accounting principle as it applies to Charles Boutique Books Pty Ltd

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