Question 1 (10 marks)  Westland Ltd purchased new equipment on 1 January 2016, at a cost of $680 000 net of GST. The company estimated that the equipment has a useful life of 6 years and a residual value of $50 000.  Required  Assuming a financial year ending 30 June, calculate the amount of depreciation expense for each year ending 30 June 2016 through to 30 June 2020, with each of the following methods:  ï‚· Straight-line ï‚· Diminishing balance (round the percentag...

What are the different types of revenues generated by consolidated group>How are the group's assets classified?...

Nte the following important information relating to the assignment format and submission: You must complete your assignment using the assignment Word document provided. Do not convert this document into any other format (.docx or .doc are the only permissible file formats than can be uploaded). You can only submit one file - the assignment Word template. Do not ‘embed’ other files (Excel for example) as pictures within the assignment Word document You cannot scan hand written respons...

Question 1   Total marks for Q2. (15 marks)a)    Explain, using examples, why it is essential to create and use flexible budgets when evaluating past performance of a profit centre which manufactures and sells a product. What might be the objective of such a performance evaluation.3 marksb)    When preparing a cash budget for a manufacturing business for the following year, there may be many other budgets that will need to be produced before the cash budge...

QUESTION 1: (7.5 + 7. 5 = 15 marks)Corporate and Professional - Disciplinary actionThe Institute of Chartered Accountants website, like other accounting bodies aroundthe world, publishes notices of disciplinary decisions based on complaints against itsmembers.Go to the Institute of Chartered Accountants website at Search ‘decisions-register’. Download the latest professional conduct annual reportand answer the following questions, avoiding the legal jargon.Required:A. Summarise the i...

Accounting for Corporate Structure (ACCT 603) Semester 1 2018 Peter Faber Business School Critically evaluate the Australian requirements for accounting for business combinations. In your discussion you should specifically address the following issues:  The significance of the reporting entity concept in accounting for business combinations The implications of the requirement to use the acquisition method of accounting for business combinations  The determination of fair values of asse...