Classify each of the following assets as either chattels, wasting assets or wasting chattels: (a) A domestic
Question:
Classify each of the following assets as either chattels, wasting assets or wasting chattels:
(a) A domestic washing machine.
(b) A gold ring.
(c) A personal computer.
(d) A 20-year lease on a building.
(e) A suit of clothes.
(f) An antique vase.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
ttth Suppose that the sequence of bags {Bn | n N} is recursively enumerated by the computable function e(n, x) = fn(x), [7 marks] Hence prove that the set of all recursive bags cannot be recursively...
-
answer the question clearly You are building a flight-control system for which a convincing safety case must be made. Would you assign the tasks of safety requirements engineering, test case...
-
(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...
-
Below are Infographics from the Congressional Budget Office showing Mandatory Spending and Discretionary Spending for FY2022. Examine the types of Mandatory and Discretionary Spending and their...
-
A 23'Tb (thorium) nucleus at rest decays to a 228Ra (radium) nucleus with the emission of an alpha particle. The total kinetic energy of the decay fragments is 6.54 X 10-13 J. An alpha particle has...
-
An invoice for $5275 dated November 12, terms 4/10, n/30, was received on November 14. What payment must be made on November 20 to reduce the debt to $3000?
-
Gold-on-gold nuclear collisions at the Relativistic Heavy Ion Collider (RHIC) at the Brookhaven National Laboratory create a quark-gluon plasma with an energy density of about \(4 \mathrm{GeV} /...
-
On January 1, 2008, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2008,...
-
Step 3: Using the Price and Total Quantity Demanded data from the table above, graph the demand curve on the axes provided (be sure to provide numbers on the axes for price and quantity demanded)....
-
The MFG Corporation is planning to produce and market three different products. Let x1, x2, and x3 denote the number of units of the three respective products to be produced. The preliminary...
-
In October 2021 Keith sells an antique cabinet for 7,200. He incurs incidental costs of disposal amounting to 200. The cabinet cost Keith 2,300 in July 2013. Compute the chargeable gain.
-
Karen bought a house in 1994 for 42,000. In November 1995 she spent 18,000 on dividing the house into two self-contained flats. In September 2019 she sold one of the flats for 95,000, at which time...
-
Evaluate the expression using the order of operations. 3/4 - 1/8 5/12
-
6) A natural wooden beam in your basement is placed horizontally. It is under transverse load in vertical direction. Why sometimes there may appear a horizontally running crack in the wood beam as...
-
1. A woman pushes a toy car (initially at rest, and of mass 0.1 kg) towards a child by exerting a constant force of 5 N through a distance of 0.4 m. What is: 1.1. the work done on the car? 1.2. the...
-
Discuss how sound ethical practices and reasoning inform the objectivity expected in accounting and financial statements. How would you suggest improved ethical practices could be established and...
-
A mission statement summarizes an organization's most important reason it exists. It provides information on the purpose of the organization and its scope. The organization's managerial philosophy,...
-
What is one strategic reason for Facebook's battle for control of the new online world? Describe one of the competitive advantages of Facebook as mentioned in the case. What is one of the potential...
-
Selecting Communication Channels Your Task. Using Figure, suggest the best communication channels for the following messages. Assume that all channels shown are available. Be prepared to explain your...
-
A survey of 70 college freshmen asked whether students planned to take biology, chemistry, or physics during their first year. Use the diagram to answer each question. How many of the surveyed...
-
Calculate the corporation tax liability of each of the following companies for the accounting period concerned: (a) A01 Ltd has taxable total profits of 800,000 for the year to 31 March 2018. (b) A02...
-
A company's taxable total profits for an accounting period are 3,200,000. Compute the corporation tax liability if the accounting period is: (a) the year to 31 March 2017 (b) the year to 31 March...
-
A company has taxable total profits of 5,000,000 for an accounting period. Explain how the corporation tax liability for this period will be calculated if: (a) the accounting period is the 12 months...
-
n what ways does Conflict Theory contribute to our understanding of social change, particularly in explaining the conditions under which systemic transformations occur and the obstacles they face?
-
When you write an email to your family, the email is sent over the Internet. Before the message is sent, it is broken into many data packets. These data packets are numbered consecutively, but they...
-
How does Conflict Theory conceptualize power dynamics within social structures, and how do these power dynamics contribute to the perpetuation of inequality?
Study smarter with the SolutionInn App