FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Barilgaon Company purchased equipment for Tk. 500,000 on 1 January 2019. Its salvage value was determined to be TI 30,000 as the end of

image text in transcribed

The Barilgaon Company purchased equipment for Tk. 500,000 on 1 January 2019. Its salvage value was determined to be TI 30,000 as the end of its useful life. It has been depreciated Tk. 50,000 per annum The carrying value the equipment has fallen to Tk. 320,000 on 31 Decembcf 2021.) Determine the cost. expense, loss, and asset of equipment for 2021 and as on 31 December 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Azure Security For Critical Workloads Implementing Modern Security Controls For Authentication Authorization And Auditing

Azure Security For Critical Workloads Implementing Modern Security Controls For Authentication Authorization And Auditing

Authors: Sagar Lad

1st Edition

1484289358, 978-1484289358

More Books

Students also viewed these Accounting questions

Question

★★★★★
Steven Appleby, CA, is an assistant to the controller of Summerfield Consulting Co. In his spare time, Steven also prepares tax returns and performs general accounting services for clients....

Answered: 1 week ago

Question

★★★★★
Haffner Corporation the most recent month are listed below uses the weighted-average method in its process costing system. Data concerning the fist processing department for Beginning work in process...

Answered: 1 week ago

Question

★★★★★
According to the information processing model, the three steps of memory are _________. a. encoding, processing, and storage b. encoding, storage, and retrieval c. processing, retrieval, and...

Answered: 1 week ago

Question

★★★★★
The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at a 10% annual rate. a. What is the bonds price today if the interest rate on...

Answered: 1 week ago

Question

★★★★★
The Barilgaon Company purchased equipment for Tk. 500,000 on 1 January 2019. Its salvage value was determined to be TI 30,000 as the end of its useful life. It has been depreciated Tk. 50,000 per...

Answered: 1 week ago

Question

★★★★★
The signature of a method consists of A . method name and parameter list B . return type, method name, and parameter list C . parameter list D . method name

Answered: 1 week ago

Question

★★★★★
The following inventory transactions apply to Willow Company for 2012. The beginning inventory consisted of 175 units at \(\$ 34\) per unit. All transactions are cash transactions. Required a. Record...

Answered: 1 week ago

Question

★★★★★
Sphere A carries \(6.0 \mathrm{nC}\) of charge. It is placed \(100 \mathrm{~mm}\) from sphere B, which carries \(3.0 \mathrm{nC}\) of charge. Assume the spheres are much smaller than their separation...

Answered: 1 week ago

Question

★★★★★
The reversible catalytic reaction proceeds with decaying catalyst in a batch reactor (batch-solids, batchfluid). What can you say of the kinetics of reaction and deactivation from the following data:...

Answered: 1 week ago

Question

★★★★★
Design a suitable representation and draw the complete search tree for the following problem: A farmer is on one side of a river and wishes to cross the river with a wolf, a chicken, and a bag of...

Answered: 1 week ago

Question

★★★★★
West Highland Clothiers reported the following items at August 31, 2012 (amounts in thousands, with last years2011amounts also given as needed): Requirement 1. Compute West Highlands (a) acid-test...

Answered: 1 week ago

Question

★★★★★
Technology. Construct a visual aid showing the grades you have in this course. Send the visual to your teacher as an attachment to an e-mail. (Objective 4)

Answered: 1 week ago

Question

★★★★★
Explain three flaws in development of graphs that could mislead the reader. (Objective 6)

Answered: 1 week ago

Question

★★★★★
Technology. Use the Internet to locate an annual report or other written report from a major corporation that includes visual aids.Write an analysis of the report, including the following...

Answered: 1 week ago

Previous Question Next Question