CC1 GRP6.pdf - BKAR 2023 FINANCIAL ACCOUNTING AND REPORTING...

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BKAR 2023FINANCIAL ACCOUNTING AND REPORTING IIGROUP: ICOMPREHENSIVE CASE 1SUBMITTED TO: DR HASNAH BT SHAARIDUE:19 MARCH 2020NAMANO MATRIKMuhammad Farid Bin Mohd Zabidi272525Nur Hidayah Binti Mohd Adam272757Nursyakirah Zahidah Binti Mohd Isa272924Preteeba A/P Navalan273153Nur Khamsiah Binti Mohd Yusof273386
1. Determination of whether cost incurred subsequent to the acquisition of PPEshould be charged to operations or capitalised involves a much more carefulanalysis of the character of the expenditure. What are the factors that should beconsidered in making such a decision?
2. Prepare the journal entries to record the expenditure incurred subsequent tothe acquisition of building in 2013 and determine the new cost of the building.
3. Calculate the new annual depreciation for the building after the replacementmade in 2015.
4.Prepare the journal entries to record the revaluation of the building at the endof 2017.

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Term
Spring
Professor
N/A
Tags
Balance Sheet, Depreciation, Expense, Generally Accepted Accounting Principles, Belalang Bhd

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