Question: Accounts Classification Code Accounts Receivable Share Capital Accumulated Depreciation: Computer Sales Accounts Payable Cash at Bank Depreciation Expenses Retained Earnings 3. The company you are

  1. Accounts Classification Code Accounts Receivable
Accounts Classification Code Accounts Receivable Share Capital Accumulated Depreciation: Computer Sales Accounts Payable Cash at Bank Depreciation Expenses Retained Earnings 3. The company you are working with is planning to acquire shares of an overseas company and gain 100% control. Required: You are required to conduct online research and prepare conversion and consolidation procedures to compile data. Your conversion and consolidation procedures must have at least 6 steps. 4. You have been asked to select the appropriate accounting software for the company. Required: Briefly explain the different types of computerised accounting systems by completing the table below. Types of software Description a. Ready-made software b. Customised software c. Tailor-made software 5. Following the previous task, you have been asked to convert the accounts from using QuickBooks to MYOB. Briefly outline the procedures for entering conversion information and balances using MYOB. 6. The company recently bought a new piece of equipment on the 1 July 2022 for $50,000, and you have been tasked with the following: a. Recording the asset valuations in accordance with Accounting Standards. Calculate the annual depreciation using the straight-line method for a piece of machinery that costs $50,000 and has an expected useful life of 10 years, with no residual value at the end of its useful life. b. The company has an aggregated turnover of less than $5 billion. According to the ATO, how much deduction will the company be able to claim in the 2022/2023 tax return? Provide your reasons

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