Question: please explain the question 3and4, how to calculate ? Case 1 At December 31, 2020, Hanoi Ltd. has equipment with a cost of VND26,000,000, and

please explain the question 3and4, how to calculate ? Case 1

please explain the question 3and4, how to calculate ?

Case 1 At December 31, 2020, Hanoi Ltd. has equipment with a cost of VND26,000,000, and accumulated depreciation of VND 12,000,000. The equipment has a total useful life of four years with a residual value of VND2,000,000. The following information relates to this equipment. 1. The equipment's carrying amount at December 31, 2020, is VND 14,000,000 (VND26,000,000 VND12,000,000). 2. Hanoi uses straight-line depreciation. Hanoi's depreciation was VND6,000,000 [(VND26,000,000 - VND2,000,000) = 4] for 2020 and is recorded. 3. Hanoi has determined that the recoverable amount for this asset at December 31, 2020, is VND11,000,000. 4. The remaining useful life of the equipment after December 31, 2020, is two years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I uploaded the whole question, but you only need to complete 1. Cash forecast for the six months ended 30thSeptember2021. Appendix 1 - Trial Balance @31st March 2021 Trial Balance as at 31st March...

2. 3. Equipment is depreciated over 5 years using the straight-line method. The residual value for this equipment was estimated to be NS 15 000. All old equipment was sold for N$5 000 on 1 May 2019....

Question 1 In Parrotfish Limited acquired 80% of the issued shares of Shrimpfish Limited for $27,000,000 on January 1, 2018 The shareholders' equity of Shrimpfish Limited on January 1, 2018 were as...

A Ltd signed a legal agreement in terms of which the company would obtain control over the majority of the assets and liabilities of B Ltd on 1 January 2020, subject to approval by the South African...

Question One (80 Marks) Lolly Pops Inc. makes really big lollypops in two sizes, large & giant. The company sells lollipops to convenience stores, fairs, schools for fund raising and in bulk on the...

Question 10 Bea Company provides the following on December 31, 2020. Accounts payable 200, 000 Stock dividend payable 100, 000 Dividend in arrears 50, 000 Accrued expenses 10, 000 Unearned interest...

Deliverables: 1} Written report with the following content: I Appendixl: Leasing I Explain the calculations I Your recommendations I Appendix 2: Benchmarking I Explain the comparisons of ratios you...

here. the app spoils the quality. please do any oke you can see. i need it urgently please, thanks. The cycle turrant Payment methods from a Decor A start of the company wgned an went te portate a...

ok. Taxation 600 200 Total equity and liabilities 4,100 14,400 5,700 14,800 1,500 Statement of Comprehensive Incomes for the year ended 31 December, 2019 Olamide Limited GHCOOO Revenue 12,000 Cost of...

need a QT sheet and a income statement i need a QT sheet and income statement East Coast Recycling Ltd. (ECRL) East Coast Recycling Ltd. (ECRL) is a Newfoundland -based company specializing in the...

The comparative balance sheet of Mills Engine Co. at December 31, 2013 and 2012, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 2010 are as follows:...

Lenses with given radii object O stands in front of a thin lens, on the central axis. For this situation, each problem in Table 34-7 gives object distance p, index of refraction n of. the lens,...

The diagram shows triangle PQR on a coordinate grid. It also shows the line y = x. a Write the coordinates of the points P, Q and R. When shape PQR is reflected in the line y = x, the image is PQR. b...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

2. Now draw another circle. Divide this circle into sections representing the relative amount of time and energy you actually devote to each. Compare the size of the sections in each circle. How does...

4. What actions have you taken in the past that have helped you to cope successfully with stressful circumstances? Could any of these approaches be useful to Diane?

4. What are the barriers to effective stress management in your life and how can you overcome them? What specific action steps can you take in this regard?