The property consists of a piece of land and a warehouse. The original cost of the land was onemillion Namibian dollars while the factory was built for N$750 000 and ready for use on 1st July2018. Property is subjected to a depreciation charge of ten percent per annum. The environmental regulations of the City of Windhoek require that the business bedismantled, and the land restored to its natural condition after ten years. It is estimatedthat this will cost the company an amount of N$400 000. Interest rate at 9.5% calculate dismantling cost

Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Depreciable Amount?

A company purchased a plant asset for $60,000. The asset has an estimated salvage value of $4,000, and an estimated useful life of 7 years. The annual depreciation expense using the straight-line method is $4,000 per year.Group of answer choicesTrueFalse

A firm is evaluating the acquisition of an asset that costs $64,000and requires $4,000 in installation costs. If the firm depreciates the asset underMACRS, using a 5-year recovery period (see Table 4.2 on page 117 for the applicable depreciation percentages), determine the depreciation charge for each year.slove i

Details of accumulated depreciation of property, plant and equipment are as follows.Assets Cost Rs. ‘000’ Accumulateddepreciation Rs. ‘000’Motor vehicleOffice equipmentLand and building(Land cost Rs. 5 000)2 0001 0009 7006006251 80012 700 3 0252. In accordance with inventory records, cost value of stock on 31.12.2021 is Rs. 450 000. However, thegoods taken by Gayathri for her private need have not been recorded.3. Telephone charge not paid up to 31.12.2021 is Rs. 30 000.4. Property, plant and equipment are depreciated on straight line method. The details useful life time andresidual value are given below.Grade - 12 (2023) – 2023 FWC - 7 - Accounting- IAssets Useful life time Residual valueMotor vehicleOffice equipmentBuilding20 years10 years18 years---

MN obtained a government licence to operate a mine from 1 April 20X1. The licence requires that at the end of the mine’s useful life, all buildings must be removed from the site and the site landscaped. MN estimates that the cost of this decommissioning work will be $1,000,000 in 10 years’ time using a discount factor of 8%. A 10-year discount factor at 8% is 0.463. According to IAS 37 Provisions, Contingent Liabilities and Contingent Assets what is the provision which MN should recognise in its statement of financial position as at 31 March 20X2? A. $100,000 B. $463,000 C. $500,000 D. $1,000,000