Why is land depreciated if there is a decommissioning cost?
Answer to relevant QuestionsWhy are group systems of depreciation useful for small- value assets that do not have significant components?How can a debt investment be classified? An equity investment? How should each category be accounted for?What conditions may indicate that the value of an investment recorded at cost or amortized cost has been impaired? How is an impairment recorded for an AC investment? Why is impairment not an issue for FVTPL or FVTOCI ...Assume that Company R acquired, as a long- term investment, 30% of the out-standing voting common shares of Company S at a cash cost of $ 100,000. At the date of acquisition, Company S reported net assets and total ...On 1 January 20X2, Lucky Company purchased $ 5,000,000 of Fire Corporation 3% bonds, classified as an AC investment. The bonds pay semi- annual interest each 30 June and 31 December. The market interest rate was 4% on the ...
Post your question