MouseTrap Ltd in Canada noted in its 2016 annual report that, beginning that year, it changed the
Question:
MouseTrap Ltd in Canada noted in its 2016 annual report that, beginning that year, it changed the estimated life of its computer software for amortisation purposes from a 3-year life to a 12-year life.
Required
Write a short memo explaining the implications this has for the analysis of MouseTrap Ltd’s results. Also, discuss whether this estimated life seems reasonable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Memo explaining the implications this has for the analysis of MouseTrap Ltds results MouseTrap Ltd p...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
In its recent annual report, Sysco Corporation noted it is the largest North American distributor of food and related products primarily to the foodservice food-away-from-home industry. We provide...
-
In its annual report for 2009, Corning noted declines in sales for most of its products. But it also said that these declines were "offset somewhat by an increase in sales of Gorilla glass, a...
-
A small company that provides customer assistance with computer software has the following group of employees. Using the information in this table, calculate the following probabilities. a. One...
-
Let a = (123) (45) = S, and b = (23) (14) = S5, then aba is equal to (13) (25) (135) (24) (15) (23) (123) (45)
-
Suppose that a (small) country is an importer of good X, for which the current world price is $8. At that price with free trade, home producers are supplying 500 units of good X and the country is...
-
Genesis Crash On September 8, 2004, the Genesis spacecraft crashed in the Utah desert because its parachute did not open. The 210-kg capsule hit the ground at 311 km/b and penetrated the soil to a...
-
A paint company collected data on the lifetime (in years) of its paint in eleven United States cities. The data are in the following table. a. Let y represent paint lifetime, x1 represent January...
-
1. Calculate HydroTech's net debt. 2. Compute HydroTech's equity and (net) debt weights based on the market value of equity and the book value of net debt. 3. Calculate the cost of equity capital...
-
Rory Company has an old machine with a book value of $77,000 and a remaining five-year useful life. Rory is considering purchasing a new machine at a price of $105,000. Rory can sell its old machine...
-
Although organizations in the manufacturing sector usually carry more inventory than service firms, effective inventory management is nonetheless important to both manufacturers and service...
-
For the year ended 31 January 2015, Beta Ltd reported the following information (in thousands): net sales $1 663 970, profit $21 935, depreciation expense $6399. The statement of financial position...
-
Selected information from the 2013 financial statements of Fantastic Holdings and Nick Scali are presented below. Required (a) Calculate the working capital, current ratio, quick ratio, debt to total...
-
The probability that a randomly selected 40-year-old female will live to be 41 years old is 0.99855 according to the National Vital Statistics Report, Vol. 56, No. 9. (a) What is the probability that...
-
Walgreen (WACC-12%) is planning to introduce its own formulation for various OTC drugs. It need to raise $1bn for the same. What would be its approximate Cost of Capital for this new endeavor?...
-
0 of 1 Christie plots her plane for 320mi against a headwind in 2 hrs. The fight would take 1 hr and 36 mins with a tallwind of the same speed. Find the headwind and the speed of the plane in still...
-
Calculate all the incomplete values in the following table: Future Value Present Value Payment 15,800 N3456 5 6,000 6 3,200 450 3,800 20,000 200 monthly 30 quarterly 250 semiannually _Annually...
-
A car must launch off a 3.00 m high ramp and clear a tank full of sharks 5.00 m long. The ramp has an angle of 30. What is the minimum speed that the car must be going as it leaves the ramp to land...
-
You need to calculate the NPV of the following project. Starbuck's Company is assessing a project with an initial cost of $145,000 and cash inflows of $85,000 in Year 1 and $75,000 in Year 2. This...
-
Describe the various types of memory?
-
Global.asax is used for: a. declare application variables O b. all other answers are wrong O c. declare global variables O d. handle application events
-
What kinds of problems is Watson able to solve ? How useful a tool is it for knowledge management and decision making ?
-
Do you think Watson will be as useful in other industries and disciplines as IBM hopes? Will it be beneficial to everyone? Explain your answer.
-
How did information technology change the game of baseball and America's Cup sailboat racing? Explain.
-
Given the following algorithm which implement using a Queue ADT. Algorithm Start Q1 CreateQueue; Q2 = CreateQueue; while (true) read number; Q1.enqueue(number); Q2.enqueue(number); while (Q1 is not...
-
create a max heap program note: Must use find and remove that will traverse the queue and find and remove elements. 1: Adds an element 2 (Remove the top (root)) always removes the top of the heap 3...
-
Given a piece of JAVA code below. Answer the questions that follows. 1. Stack s = new Stack (); 2. s.push("CS101"); 3. s.push("CS102") 4. String xs.top(); 5. s.push(x); 6. s.push("CS201"); 7....
Study smarter with the SolutionInn App