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DUE DATE: 24THMAY, 2018 MARKS: 20
After going through this activity, the students would be able to apply the analytical skills.
Topic: “Property, Plant and Equipment”
ABC Corporation Limited purchased machinery three years ago for Rs. 1,000,000 with an
estimated useful life of 10 years. Currently its accumulated depreciation is standing at Rs.
300,000. This gives the net book value of Rs. 700,000 (1,000,000 – 300,000). The service of a
professional valuer has been acquired by the ABC Corporation Limited to carry out the process
of revaluation of fixed assets. He has briefly described the process of valuation to the
management of the company as follows:
As per International accounting standards (IAS.16) relating to Property, Plant and Equipment,
the complete process of accounting for revaluation of non-current assets comprise of three
After explaining the complete process now the management has presented him two different
situations to deal with:
In 1st case the fair value estimation of machinery is significantly more than the net book value
and in 2nd case it is significantly less than the book value. These values are as follows:
Fair market value of machinery is Rs. 1,500,000; or
Fair market value of machinery is Rs. 500,000
Required: You are required to keep yourself at the position of professional valuer and provide
the calculations of impairment loss/profit, how accumulated depreciation account will be
eliminated, and calculations of revaluation gain / loss and adjusting entry of revaluation
process in both cases by keeping in mind the above mentioned three steps.
Note: Provide the solution in the following table form otherwise your assignment will not
SEMESTER SPRING 2018MACROECONOMICS (ECO403)ASSIGNMENTDUE DATE: MAY 15, 2018MARKS: 10The Case:Angola is located in southern Africa. It is the 7th largest country in Africa.The total population in Angola was estimated at 27.5 million people in 2016.Major exports are crude oil, petroleum products, wood, fish products,coffee and cotton while major imports are food, textile products andconsumer products. Suppose economy of Angola produced only fish,petrol and milk for the year 2016 and 2017. Facts and figures andmacroeconomic indicators of the economy of Angola for the year 2016 and2017 are given in Table-01 and Table-02.Table-012016 2017Price (Rs) Quantity Price (Rs) QuantityFish (Kg) 10 1000 11 1500Petrol (Liter) 20 2000 20 2500Milk (Liter) 5 10000 6 11000Table-022016 2017Real interest rate 3% 3.5%Employed 11 million 17 millionUnemployed 5 million 2 millionRequirements:Keeping in view the above facts and figures, in the economy of Angola,Calculate;a. Nominal GDP for the year 2017b. Real GDP for the year 2017 using 2016 as a base yearc. GDP deflator for the year 2017d. Labor force for the year 2017e. Unemployment rate for the year 2017(Note: Write down formula and all relevant steps involved in calculation)Marks: (2+2+2+2+2)IMPORTANT:24 hours extra / grace period after the due date is usually available to overcomeuploading difficulties. This extra time should only be used to meet theemergencies and above mentioned due dates should always be treated as finalto avoid any inconvenience.IMPORTANT INSTRUCTIONSDEADLINE: Make sure to upload the solution file before the due date on VULMS. Any submission made via email after the due date will not be accepted.FORMATTING GUIDELINES: Use the font style “Times New Roman” or “Arial” and font size “12”. It is advised to compose your document in MS-Word format. You may also compose your assignment in Open Office format. Use black and blue font colors only.RULES FOR MARKINGPlease note that your assignment will not be marked, if: It is submitted after the due date. The file you uploaded does not open or is corrupt. It is in any format other than MS-Word or Open Office; e.g. Excel,PowerPoint, PDF etc. It is cheated or copied from other students, internet, books, journals etc.Note related to load shedding: Please be proactiveDear students!As you know that Pre Mid-Term semester activities have startedand load shedding problem is also prevailing in our country.Keeping in view the fact, you all are advised to post your activitiesas early as possible without waiting for the due date. For yourconvenience; activity schedule has already been uploaded onVULMS for the current semester, therefore no excuse will beentertained after due date of assignments, quizzes or GDBs.
Assalam-0-Alikum... Yaha Koi BSCS 1st Semester Ka 24 Hour Online Rehny Wala Sb Sy Nikama Banda Hai Koi Meri Tarha To Please Request Send Krdo?
complet cs101 assingment
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Aoa any body have any past mid papers mth202 plz share....
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