Answered step by step
Verified Expert Solution
Question
1 Approved Answer
decommissioned Artily be a million in 6 years priate for the calentation of a prese An entity purchased property purchase what valueil One 2013 the
decommissioned Artily be a million in 6 years priate for the calentation of a prese An entity purchased property purchase what valueil One 2013 the party Holy 2011 The land slement of the was year and is residus clement was slodhshmon O10 2017 Chamil of which the lan property was sold for Chamillion What is the pain on disposal of the property that would be reported in the stateme of profit or less for the year to 30 June 2017 Eric owns an item of plant which has a carrying amount of Ghs.200.000 as 1 April 2 is being depreciated at 14.5% per annum on a reducing balance basis. The plant is manufacture a specific product which has been suffering a slow decline in sales. En imated that the plant will be retired from use on 31 March 2017 e estimated net cash flows from the use of the plant and their present values are Net cash flows Present val Ghs Ghs Year to 31 March 2015 150,000 119,200 Year to 31 March 2016 79,000 68,400 Year to 31 March 2017 53,000 41,000 282,000 228,600 miul to purchase the plant for Ghs20 decommissioned Artily be a million in 6 years priate for the calentation of a prese An entity purchased property purchase what valueil One 2013 the party Holy 2011 The land slement of the was year and is residus clement was slodhshmon O10 2017 Chamil of which the lan property was sold for Chamillion What is the pain on disposal of the property that would be reported in the stateme of profit or less for the year to 30 June 2017 Eric owns an item of plant which has a carrying amount of Ghs.200.000 as 1 April 2 is being depreciated at 14.5% per annum on a reducing balance basis. The plant is manufacture a specific product which has been suffering a slow decline in sales. En imated that the plant will be retired from use on 31 March 2017 e estimated net cash flows from the use of the plant and their present values are Net cash flows Present val Ghs Ghs Year to 31 March 2015 150,000 119,200 Year to 31 March 2016 79,000 68,400 Year to 31 March 2017 53,000 41,000 282,000 228,600 miul to purchase the plant for Ghs20
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started