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send me only final answer , no need explanation thank you on 3 red out of On 1 January 2015: A Company has a Building
send me only final answer , no need explanation thank you
on 3 red out of On 1 January 2015: A Company has a Building which cost $800,000. Accumulated Depreciation to date on the Building is $200,000 Residual Value is Zero. The total useful life of the Building is 40 years and there are 30 years of useful life remaining. The Company uses straight line depreciation. The accounting year-end is 31 December each year. on 1 January 2015, the Fair Value less Costs to Sell of the Building is $ 700,000 while the value in Use is $400,000 The Impairment Loss to be recorded on 1 January 2015 is: un Select one: O a. None of these options O b. Zero O c. $200,000 O d. $400,000 O e. $50,000 8 00 ed out of On 1 January 2015: A Company has a Equipment which cost $80,000. Accumulated Depreciation to date on the Equipment is $20,000 Residual Value is Zero. The total useful life of the Equipment is 20 years and there are 15 years of useful life remaining. The Company uses straight line depreciation. The accounting year-end is 31 December each year. Assume no change in the useful life of the Equipment On 1 January 2015, the Recoverable Amount of the Equipment is $75,000 The Depreciation Expense for 2015 will be: Select one: O a. $8,000 O b. $4,000 O c. None of these options O d. $15,000 O e. $5,000 6 ed out of On 1 January 2015 A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining. The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. The required adjustment to the Depreciation charge for the year-ended 31 December 2013 is: Select one: O a. Decrease in Depreciation expense of $7,250 O b. Zero i.e., No adjustment required O c. Decrease in Depreciation expense of $5,000 d. Increase in Depreciation expense of $5,000 O e. None of these optionsStep by Step Solution
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