Question: Virko PLC buys a new computer system for 180,000 on 1st January. It expects the system to last for four years. If the companys financial

Virko PLC buys a new computer system for £180,000 on 1st January. It expects the system to last for four years. If the company’s financial year is from 1st January to 31st December, the value of the computer system in Virko’s at 31st December of the same year will be: b) £135,000

Step by Step Solution

★★★★★

3.39 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Depreciation of 180000 ov... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

542-B-M-A-S-C (1152).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The Department of Taxation of one state is developing a new computer system for processing state income tax returns of individuals and corporations. The new system features direct data input and...

a. A company is building a new plant on the outskirts of Smallesville. The town has offered to donate the land, and as part of the agreement, the company will have to build an access road from the...

The department of taxation in your state is developing a new computer system for processing individual and corporate income-tax returns. The new system features direct data input and inquiry...

Virko Inc. buys a new computer system for $180,000 on January 1. It expects the system to last for four years. If the companys financial year is from January 1 to December 31, the value of the...

Virko Inc. buys a new computer system for $180,000 on January 1. It expects the system to last for four years. If the company's financial year is from January 1 to December 31, the value of the...

1. A statement of financial position shows liabilities of $165,000 and assets of $275,000. The statement of comprehensive income shows income of $80,000 and expenses of $35,000. Capital is? 2....

Virko Inc. buys a new computer for $180,000 on January 1, 2019. It expects the computer to last for four years. If the company's financial year is from January 1 to December 31, what will be the...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

only question 2.. plz help me.. im offering all my credits. i swear... Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3...

Question 1 , Question 2 and Question 5 part (ii) thanks alot Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3 INTERNAL SUBJECT...

Choose an appropriate problem for Chi Square Analysis and create a raw data table with about 5 rows of data. (Note: If you use computer codes like 1, 2, etc. be sure to indicate what they stand for...

For the BECKY LADNER, APPELLANT, v. JIMMY JORDAN, APPELLEE, conduct a case study which includes the following: a. What is the legal issue? b. What are the facts? c. What was the decision? d. What was...

1 Multiple Choice 2 points Even despite its struggles, JC Penny maintained a Current Ratio above 1 . A company's Current Ratio best measures what? Shareholder value Liquidity Equity strength...

The following information was obtained after comparing the cash book of XYZ (Pty) Ltd., with their bank statement on 31 October 20XX. R 1. Cash book balance on 1.10.20XX. 110 (Dr) 2. Total of cash...

Vibro PLC has fixed assets of 250,000, current assets of 125,000, long-term debt of 125,000 and creditors payable within 12 months of 75,000. What is the working capital? What is the capital...

Kazam Services begins the month with capital of 200,000 and the following assets and liabilities: The following transactions took place in the accounting records of the business during the last...

Bendix Ltd is considering the alternatives of either purchasing component VX-1 from an outside supplier or producing the component itself. Production costs to Bendix are estimated at: An outside...

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:...

Your company has earnings per share of $3. It has 1 million shares outstanding, each of which has a price of $35. You are thinking of buying TargetCo, which has earnings of $3 per share, 1 million...

PC Shopping Network may upgrade its modern pool. It last upgraded 2 years ago, when it spent $95 million on equipment with on assumed life of 5 years and an assumed salvage value of $20 million for...