Access the glossary (“Master Glossary”) to answer the ­following. a.    What does it mean to “capitalize” an item? b.    What is the definition of a nonmonetary asset? c.    What is a nonreciprocal transfer? d.    What is the definition of “contribution”?

Q: The difference between book value of the asset with the proceeds receive from its sale, with result…

A: Assets:   It refers to the economic value of all resources owned by the business at a given point in…

Q: What determines the value of an economic asset (as opposed to an asset that has value for reason of…

A: Asset value is an important component of a company's total value and it can be…

Q: What entry is made when selling a fixed asset?

A: Following entry is passed when selling the fixed assets:

Q: The principal difference between two concepts of capital maintenance is the treatment of the effects…

A: CAPITAL: Capital refers to the assets used for the production of goods and services. A typical…

Q: Access the Codification glossary (“Master Glossary”) to answer the following. a. What is the…

A: a.

Q: What is the notion of capitalization effects and how does it work

A: The notion of capitalization effects and how does it work will be explained:

Q: please make some interpretation based on Net asset value

A: Net Asset Value: It is the difference between the value of the assets and the value of the…

Q: Explain the difference between tangible and intangible long-lived, revenue-producing assets.

A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…

Q: Describe how the value of any asset is determined.

A: An asset can be any tangible or intangible asset that can be owned by a business or individual to…

Q: What is the cost of right of use asset? 2. What is the gain on right transferred to the…

A: Cost of right of use asset 1468000 Gain on right transferred to buyer-lessor 533000

Q: What is the difference between tangible and intangible assets?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How do you identify intangible assets such as usufruct in modern transactions? Justify with examples

A: In a usufruct, the property rights of usus and fructus are merged. Usus refers to the right to use…

Q: What is return on assets (roa ) ?? please comment own word.

A: Ratio analysis is based on the fact that a single accounting figure by itself may not communicate…

Q: Explain the method of direct capitalization method?

A: The three approaches to value a business or an investment are the Income based,  Market based and…

Q: should be capitalized as intangıble assets. O True O False

A: An intangible assets is An identifiable, non monetary, without physical substance, held for use…

Q: . What is the definition of a fixed asset and which expenditures can be added to the capitalized…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: Explain the ‘qualifying asset’ and how do we treat exchange rate differences relating to the…

A: A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for…

Q: The amount to be capitalized should be:

A: Answer:   Option a.

Q: Which does not belong to the group? Capital maintenance approach Transaction approach Single entry…

A: Accounting refers to the documentation of the transactions, and events which are related to the…

Q: The difference between book value of the asset with the proceeds received from its sale, will result…

A: The book value of an asset is the value of the asset calculated by deducting the accumulated…

Q: What is the goodwill arising from the acquisition?

A: A business combination occurs when an entity acquires control over an organization. Asset purchases…

Q: Which of the following features of an asset closely links its definition to the scien Economics? A.…

A: Asset refers to any resource which is owned or controlled through the business and it is anything…

Q: Which of the following statement best defines an asset?

A: As question is MCQ type it will be answered with explanation.

Q: Why is the cost of a lump-sum purchase allocated to the individual assets acquired?

A: It is necessary to allocate a lump sum purchase to individual assets in order to record a fair…

Q: Required In each of these cases, determine the amount of cost to be capitalized in the asset…

A: Cost allocation refers to the process which is used by the company to allocate the cost of product…

Q: how would make the non-performing assets into a performing one.

A: The concept of non-performing assets (NPA) is widely used in the management of financial assets in…

Q: How do you identify intangible assets such as usufruct in modern transactions

A: Goodwill, brand awareness, and proprietary information like as patents, trademarks, and copyrights…

Q: In your own words, briefly explain a 'qualifying asset' and how we report exchange rate differences…

A: The question is related to Borrowing Cost. As per Borrowing Cost there are two types of Assets 1.…

Q: Define the term capitalize.

A: Plant Assets: Plant assets are referred to the long-term and tangible assets that business use in…

Q: What is the cost of right of use of asset?

A: Given in the question: Sales Price 20,000,000 Fair Value 18,000,000 Carrying Amount…

Q: wo methods the Cost and the Income or Present Value (PV) methods. What is the Concluded Value?

A: Present value is defined as the discounted cash flow technique which applies to weight the items of…

Q: Briefly discuss why research expenditure is expensed in profit or loss rather than capitalised as an…

A: Research Expenditure Research expenditures are basically the expenses incurred to a firm Company…

Q: How do you determine the basis of acquired property in a like-kind exchange?  Give an example

A: Exchange of like-kind business/investment real property - The gain or loss on exchange of kind" real…

Q: True or False?

A: Meaning of Right of use asset The right of use asset is recorded by the lessee in the balance…

Q: What do you mean when you say the depreciable life of an asset is defined?

A: The question explains about the depreciable life of an asset is defined

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.