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Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the two projects as follows:Calculate The value of the assets in the books of Assure Ltd as at 30 June 2012
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Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the two projects as follows:Calculate Borrowing costs to be capitalized for each of the projects as at 30 June 2012
Date posted: February 8, 2019 . Answers (1)
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowedwear and tear charges for tax purpose were as follows:Calculate the Deferred tax account
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowedwear and tear charges for tax purpose were as follows:Calculate the Temporary differences
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowedwear and tear charges for tax purpose were as follows:Calculate the Taxable profits
Differentiate between “taxable temporary differences” and “deductible temporary differences”
In the context of international Accounting Standard (IAS) 39 “Financial instruments”.Distinguish between a financial asset and financial liability
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