We are providing you with the balance sheet of a Spanish company at the end of the year The company carried out its accounting according to the PGC 2007 You have to analyse each of the items and specify which group of the Chart of Accounts they belong to and the specific coding that corresponds to it according to the Chart of Accounts of the General Accounting Plan to each entry Once all the accounts have been coded, create the closing entry for the company Based on the International Accounting Standards, solve the following exercises IAS 16 Fixed Assets We are a graphic arts company, and at the beginning of 2016, we acquired a new printer The price of this printer was 25,000 euros The additional expenses of the purchase were as follows Installation and assembly 3 000 euros Transportation and delivery 1 150 euros All operations have a 21 VAT (not included), and the payment of the amounts is made by bank check During January, the assembly and installation of the new printer takes place, which is in perfect working condition from February the 1st The useful life expectancy of the printer is estimated at 10 years, and its amortisation will be carried out following the linear method Additionally, at the end of its useful life, the company will have to face the costs of dismantling and rehabilitation of the place Estimating said costs in 5,000 euros Besides, said machinery requires specialised weekly maintenance, amounting to 250 euros per month Calculate The initial cost of the acquisition The amortization fees The costs derived from daily maintenance IAS 36 Impairment of assets We are a photo studio, and due to the increase in work and staff, we have had to acquire three new cameras and accessories The acquisition occurred in January 2018 The prices of the cameras are as follows Camera 1 1 750 euros Camera 2 3 500 euros Camera 3 1 950 euros Accessories 4 550 euros Calculate The impairment loss of the asset at the end of 2020, taking into account that the recoverable amount of the acquisitions is Camera 1 575 euros Camera 2 1 500 euros Camera 3 750 euros Accessories 2 200 euros IAS 38 Intangible Assets On March 1, 2016, we obtained a patent for 7,500 euros At the close of the fiscal year, on December 31, 2016, the fair value of the patent was 9,000 euros As of December 31, 2017, the fair value of the patent stands at 8,000 euros The criterion we use for valuation after the initial recognition of the asset is the revaluation model Formulate Make the accounting entries corresponding to the acquisition of the asset and at each accounting close Final Project InternationalAccounting Microsoft Word Review View Title Home Insert Page Layout References Mailings Cut Arial 12 A AA Copy Paste BIU Format Painter abe x, X Aa ab Clipboard Font Document Recovery Word has recovered the following files Save the ones you wish to keep Find E BE 21 , A Hac Replace Heading 3 Normal 1 No Spac Heading 1 Heading 2 Heading 4 Subtitle Change Styles Select Paragraph Editing UNIC W Cururu Cucu, w Wing UI CICUC company Styles ASSETS LIABILITIES Available files Final Project Inte Version created last 3 47 PM Monday, Ap Non current assets Intangible fixed assets Industrial Propriety Cumulative depreciation II Tangible fixed assets Constructions ICT Equipment 40 500 5 000 Net equity Equity capital Capital Social Legal reserve Profit and Loss 3 000 000 348 180 158 810 3 900 000 9 000 Non current liability Long term debts Long term debt to institutions, Furniture Transport Cumulative depreciation IM 70 000 35 000 122 000 710 000 Current liability Short term debts Short term debts to institutions Suppliers Creditors 62 000 1 150 38 000 200 000 3 560 Current Asset Stock Goods Impairment loses Debtors Clients Short Term investments Short term investments (shares) Liquidity Banks TOTAL ASSETS 236 200 9 000 Which file do I want to save Close 225 000 4 458 550 TOTALLIABILITIES 4 458 550 Page 4 of 6 Words 1,019 L 100 e u 4 22 PM 4 4 2022 WE

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We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according

We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according to the PGC 2007. You have to analyse each of the items and specify which group of the Chart of Accounts they belong to and the specific coding that corresponds to it according to the Chart of Accounts of the General Accounting Plan to each entry.

Once all the accounts have been coded, create the closing entry for the company.

Based on the International Accounting Standards, solve the following exercises:

IAS 16. Fixed Assets. We are a graphic arts company, and at the beginning of 2016, we acquired a new printer. The price of this printer was 25,000 euros. The additional expenses of the purchase were as follows:

Installation and assembly: 3.000 euros.
Transportation and delivery: 1.150 euros.

All operations have a 21% VAT (not included), and the payment of the amounts is made by bank check.

During January, the assembly and installation of the new printer takes place, which is in perfect working condition from February the 1st.

The useful life expectancy of the printer is estimated at 10 years, and its amortisation will be carried out following the linear method. Additionally, at the end of its useful life, the company will have to face the costs of dismantling and rehabilitation of the place. Estimating said costs in 5,000 euros. Besides, said machinery requires specialised weekly maintenance, amounting to 250 euros per month.

Calculate:

The initial cost of the acquisition.
The amortization fees.
The costs derived from daily maintenance.

IAS 36. Impairment of assets.We are a photo studio, and due to the increase in work and staff, we have had to acquire three new cameras and accessories. The acquisition occurred in January 2018. The prices of the cameras are as follows:

Camera 1: 1.750 euros
Camera 2: 3.500 euros
Camera 3: 1.950 euros
Accessories: 4.550 euros

Calculate:

The impairment loss of the asset at the end of 2020, taking into account that the recoverable amount of the acquisitions is:
- Camera 1: 575 euros
- Camera 2: 1.500 euros
- Camera 3: 750 euros
- Accessories: 2.200 euros

IAS 38. Intangible Assets. On March 1, 2016, we obtained a patent for 7,500 euros.

At the close of the fiscal year, on December 31, 2016, the fair value of the patent was 9,000 euros.

As of December 31, 2017, the fair value of the patent stands at 8,000 euros.

The criterion we use for valuation after the initial recognition of the asset is the revaluation model.

Formulate:

Make the accounting entries corresponding to the acquisition of the asset and at each accounting close.

- Final Project_InternationalAccounting - Microsoft Word Review View Title Home Insert Page Layout References Mailings Cut Arial 12 - A AA - Copy Paste BIU Format Painter abe x, X Aa ab Clipboard Font Document Recovery Word has recovered the following files. Save the ones you wish to keep Find - E BE 21 , . A Hac Replace | Heading 3 Normal 1 No Spac. Heading 1 Heading 2 Heading 4 Subtitle Change Styles Select Paragraph Editing UNIC W Cururu Cucu, w Wing UI CICUC company Styles ASSETS LIABILITIES Available files Final Project_Inte... Version created last... 3:47 PM Monday, Ap... Non-current assets Intangible fixed assets: Industrial Propriety Cumulative depreciation II Tangible fixed assets: Constructions ICT Equipment. . 40.500 -5.000 Net equity Equity capital: Capital Social Legal reserve Profit and Loss 3.000.000 348.180 158.810 3.900.000 9.000 Non-current liability Long-term debts Long-term debt to institutions, Furniture Transport Cumulative depreciation IM 70.000 35.000 -122.000 710.000 Current liability Short-term debts Short-term debts to institutions. Suppliers Creditors 62.000 -1.150 38.000 200.000 3.560 Current Asset Stock: Goods Impairment loses Debtors: Clients Short-Term investments - Short-term investments (shares) Liquidity: Banks TOTAL ASSETS 236.200 9.000 Which file do I want to save? ? Close 225.000 4.458.550 TOTALLIABILITIES 4.458.550 Page: 4 of 6 Words: 1,019 L 100% - + e u 4:22 PM 4/4/2022 WE