Question
Examples please? 1. You will be given information about the disposal of PPE in a few different situations (for example, selling the PPE or trashing
Examples please?
1. You will be given information about the disposal of PPE in a few different situations (for example, selling the PPE or trashing the PPE). You will be asked to prepare journal entries related to the disposition of the asset in these situations.
2. You will be given information about an asset and asked to calculate depreciation on the asset using straight-line and double-declining balance depreciation methods. The calculations may require calculating depreciation over multiple years and/or calculating book value at the end of each year.
3. Two mini problems on Goodwill. You will be given information on the purchase of a business and asked to calculate the value assigned to Goodwill after the purchase. You will also be given information about unit(s)/division(s) within a company and asked to calculate and record impairment loss on Goodwill.
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