I need help for all these questions. For the calculations, please explain to me in detail.

Thank you.

Q1. In recent years there have been attempts to place a value on the human assets of a business in order to derive a figure that can be included on the balance sheet. Do you think humans should be treated as assets? Would ' human assets' meet the conventional definition of an asset for inclusion on the balance sheet. Guidelines. Intangible items in Balance sheet (i) Potential future economic benefit to the firm. (ii) Control. Can the human resources be like other assets, be easily controlled. (iii) Measurability. Can the measurement of human capacity be reliably measured. Q2. What problems arise if an excessively prudent view is taken of the financial position and performance of a business? Guideline - Prudent Concept Q3. Company has both intangible assets which form the resource of a company and these resources bring about value to the organization. However the company may find if difficult to incorporate the value of these resources as it is difficult to measure. In your opinion, can you think of resources of a business that cannot usually be measured reliably in monetary terms Q4. (a) Assume a company buys a RM7900 machine on the first day of year 1, and depreciates the asset on cost over 4 years with a expected salvage value of RM2500. Capital allowances are given on asset at 25% on reducing balance method. Assume that the taxation rate is 30 percent, calculate the yearly timing difference. Guidelines - Timing Difference on deferred tax (b) The government has identified some projects which are environmental friendly and all projects that acquire fixed assets will be granted tax allowances. The company has decided to purchase plant and machinery which promote green environment at a cost of RM124,000 and the asset will be depreciated over a full 4 years period. It has no expected salvage value at the end of the asset life. Capital allowance is given on asset at 40% for the first year and 20 % for the next three years. Assume that the taxation rate is 30 percent, calculate the yearly timing difference. (10 Marks) Q5. A a company won a contract to build a tunnel costing RM65 million and the work was estimated to take 2 years to complete. For the 1" year the job was completed at cost of RM10.0 mil. In the second year additional cost of RM40 million was incurred. The company is attempting to appropriate the amount of profit it will earn every year. Assuming there is no tax to be paid. What is the profit the company will earn for each year? What is the cumulative profit for the whole project? Guideline - REVENUE RECOGNITION (10 Marks) Q6 Level Builders have entered into a 3 year contract to construct a dam with a contract price of RM210m. By the end of the 1" financial period within the 3 years period, a third of the contract has been completed, and relevant cost incurred were RM55 mil. What profit or loss , if any would be recognized within the company's P/L account at the end of the first financial period. Guideline - REVENUE Recognition