Onjwy 2020, Company A purchased a protective masks printing machine and more other related costs. A summary of economic acties red belowed to Company Apurchase Deseription Amount AO OCCOLTindade TOTO DEN transportation Calendar 17.000 efnda med dine her 1 ACCORDIC TO 0.00 roceed from the proting rom festing 2004 Ahmad Croof Company Aplays go with Seed CEO of company and shared the formation with him on the recent purchase of the machine. Ahmad also told Saeed that he will be one more muchane on stock Saved was very tested and decided that company will buy the same reng machine. Compare all conditions presented in the above the same Company Athe discount granted was 11 and Saeed to plan to cure for the protective masks in the sing phase Tomar * Cakutute the costs of the equipment that can be captatoed under as 16- Property Manta tquement at Company Total marmarkt a. Calculate the cost of the equipment that can be capitaled under 5 16. Property, Plant & Equipment at Company Total mark (4 mars State which of the two companies (Company of Company has depreciation expense in year 2021 and by how much in case the difference between the depreciation persetele G companies sve one reason for such an occurrence. Assume that both companies Gepreciate their long term assungaine depreciation method, with estadife of 10 years and not Question 17 11 points On January 1 2020, Company A purchased a protective masks printing machine and incurred other related costs. A summary of economic activities are listed below related to Company Apurchase Description Amount AED Cost of the equipment including taxes 10 000 000 Discount anted 96 Transportation insurance 7.300 Initial delivery and handling 31.000 Refundable taxes 3.000 Estimated dismantling costs to be incurred after 2 years 151000 costs incurred when equipment is lettide 18.000 insurance costs to be incurred for year of 2020 120.000 Proceeds from the sale of product arising from testing nhase protectives 2009 A Moving to another question will save this response. Question 17 On January 1 2020, Company A purchased a protective masks printing machine and inc Description Amount AED Cost of the equipment (including taxes) 10,000,000 Discount granted 9% Transportation insurance 7,300 Initial delivery and handling costs 31,000 Refundable taxes 3,000 Estimated dismantling costs to be incurred after 2 years 15,000 Costs incurred when equipment is left idle 18,000 Insurance costs to be incurred for year of 2020 120,000 Proceeds from the sale of product arising from testing 2,000 phase (protective masks) Ahmad (CEO of Company A) plays golf with Saeed (CEO of company B) and shared the in machine on stock. Saeed was very interested and decided that Company B will buy the discount granted was 11% and Saeed does not plan to charge for the protective masks Total marks: (11 marks) Ahmad (CEO of Company Aplays golf with Saeed (CEO of company and shared the information with him on the recent purchase of the achine. Almad also told Saeed the stone more such machine on stock. Saeed was very interested and decided that company wil buy the same printing machine. Company has all conditions presented in table above the same company except the discount granted was 11 and Saeed does not plan to charge for the protective masks in the testing phase Total marks: (11 maries A: Calculate the costs of the equipment that ran be capitained under US 16- Property Mant& quarentat Company Total marks: (4 marks 2. Calculate the costs of the equipment that can be capitalized under IAS 15 - Property. Plant & Equipment at Company a Total marks: (4 marks) C: State which of the two companies (Company A or Company B has a higher depreciation expense in year 2021 and by how much In case there ofference between the depreciation experies between two companies, give one reason for such an occurrence. Assume that both companies depreciate their long term assets using a straight line depreciation method with stated fie at 10 years and no selvape Value Total marks: (3 marks) Onjwy 2020, Company A purchased a protective masks printing machine and more other related costs. A summary of economic acties red belowed to Company Apurchase Deseription Amount AO OCCOLTindade TOTO DEN transportation Calendar 17.000 efnda med dine her 1 ACCORDIC TO 0.00 roceed from the proting rom festing 2004 Ahmad Croof Company Aplays go with Seed CEO of company and shared the formation with him on the recent purchase of the machine. Ahmad also told Saeed that he will be one more muchane on stock Saved was very tested and decided that company will buy the same reng machine. Compare all conditions presented in the above the same Company Athe discount granted was 11 and Saeed to plan to cure for the protective masks in the sing phase Tomar * Cakutute the costs of the equipment that can be captatoed under as 16- Property Manta tquement at Company Total marmarkt a. Calculate the cost of the equipment that can be capitaled under 5 16. Property, Plant & Equipment at Company Total mark (4 mars State which of the two companies (Company of Company has depreciation expense in year 2021 and by how much in case the difference between the depreciation persetele G companies sve one reason for such an occurrence. Assume that both companies Gepreciate their long term assungaine depreciation method, with estadife of 10 years and not Question 17 11 points On January 1 2020, Company A purchased a protective masks printing machine and incurred other related costs. A summary of economic activities are listed below related to Company Apurchase Description Amount AED Cost of the equipment including taxes 10 000 000 Discount anted 96 Transportation insurance 7.300 Initial delivery and handling 31.000 Refundable taxes 3.000 Estimated dismantling costs to be incurred after 2 years 151000 costs incurred when equipment is lettide 18.000 insurance costs to be incurred for year of 2020 120.000 Proceeds from the sale of product arising from testing nhase protectives 2009 A Moving to another question will save this response. Question 17 On January 1 2020, Company A purchased a protective masks printing machine and inc Description Amount AED Cost of the equipment (including taxes) 10,000,000 Discount granted 9% Transportation insurance 7,300 Initial delivery and handling costs 31,000 Refundable taxes 3,000 Estimated dismantling costs to be incurred after 2 years 15,000 Costs incurred when equipment is left idle 18,000 Insurance costs to be incurred for year of 2020 120,000 Proceeds from the sale of product arising from testing 2,000 phase (protective masks) Ahmad (CEO of Company A) plays golf with Saeed (CEO of company B) and shared the in machine on stock. Saeed was very interested and decided that Company B will buy the discount granted was 11% and Saeed does not plan to charge for the protective masks Total marks: (11 marks) Ahmad (CEO of Company Aplays golf with Saeed (CEO of company and shared the information with him on the recent purchase of the achine. Almad also told Saeed the stone more such machine on stock. Saeed was very interested and decided that company wil buy the same printing machine. Company has all conditions presented in table above the same company except the discount granted was 11 and Saeed does not plan to charge for the protective masks in the testing phase Total marks: (11 maries A: Calculate the costs of the equipment that ran be capitained under US 16- Property Mant& quarentat Company Total marks: (4 marks 2. Calculate the costs of the equipment that can be capitalized under IAS 15 - Property. Plant & Equipment at Company a Total marks: (4 marks) C: State which of the two companies (Company A or Company B has a higher depreciation expense in year 2021 and by how much In case there ofference between the depreciation experies between two companies, give one reason for such an occurrence. Assume that both companies depreciate their long term assets using a straight line depreciation method with stated fie at 10 years and no selvape Value Total marks