Those tangible assets need to be depreciated on reducing balance basis [emoji12]@Zibago @Hell hound @jamahir @Nilgiri @friendly_troll96 @Xlvee01
I need a ice cool pepsi to cool me down, damn she too sexy for pepsi
but before that we need to appreciate the value of these tangible according the the current market value.
What about the double entry for that lol?but before that we need to appreciate the value of these tangible according the the current market value.
lets put it in the suspense account for now
lets put it in the suspense account for now
brother i will dilute the shares if i have to.to generate cash for this investment opportunity
But for that you need to debit cash from your bank.
well mate investments with such high rate of return will make any accountant droll.Are you chartered account ? Too much knowledge and some strong concepts
and yep bro i am an ACCA.seems like you too have a solid grip on the concepts
.you an accountant too
Don't forget to audit those tangible assets with substantive procedure's.brother i will dilute the shares if i have to.to generate cash for this investment opportunity [emoji14]
well mate investments with such high rate of return will make any accountant droll.
seems like you too have a solid grip on the concepts [emoji38].you an accountant too
don't worry mate i will try my best to get enough time to test 100% of these assets or at least keep the sample size huge
good luck with it bro.
There is no need for counting there are just 4 tangible assets .One is split into two parts and you need to depreciate them separately and do not forget to deduct the residual value
good luck with it bro.
ps how many papers have you cleared till date.
However psychical inspection is required for existence and valuation assertion.
i think it will be hard to determine the individual vale of these split assets and hence we would need to treat both of them as a single cash generating unit
oh definitely bro will be inspecting it myself.can't leave such important task to juniors
that isn't as easy as it looks
But for that you need to debit cash from your bank.
Are you chartered account ? Too much knowledge and some strong concepts
But for doing so you need to involve independent valuation expert .You can get one from heera mandi or from escort agency.And do not forget to apply the impairment loss to the CGU .i think it will be hard to determine the individual vale of these split assets and hence we would need to treat both of them as a single cash generating unit
That will give rise to self-review threatoh definitely bro will be inspecting it myself.can't leave such important task to juniors
You from ICAI ?We all Tharkered accountant here
