A company which uses the revaluation model for its PPE bought a building on 1 January 2014 for £50m. The building has an estimated useful life of 50 years and nil residual value. On 31 December 2018, the building was revalued at £40.5m and on 31 December 2020 it was revalued for a second time at £39m. The company uses the straight-line method of depreciation for all PPE items. There was no change to the remaining useful life after each revaluation. What is the net effect of both revaluations on the statement of comprehensive income?

Answers

Answer 1

Answer:

The net effect of both revaluations on the statement of comprehensive income is a net revaluation loss of £4.20m that will reduce the comprehensive income by the exact amount of £4.20m.

Step-by-step explanation:

This can be determined using the following 3 steps:

Step 1: Calculation of the effect of first revaluation: from 01 January 2014 to 31 December 2018

Building cost = £50

Number of useful life = 50

Revalued amount on 31 December 2018 = £40.5m

Annual depreciation expenses from 01 January 2014 to 31 December 2018 = Building cost / Number of useful life = £50m / 50 = £1m

Number of years from 01 January 2014 to 31 December 2018 = 5

Total depreciation expenses from 01 January 2014 to 31 December 2018 = Annual depreciation expenses from 01 January 2014 to 31 December 2018 * Number of years from 01 January 2014 to 31 December 2018 = £1m * 5 = £5m

Net book value on 31 December 2018 = Building cost - Total depreciation expenses from 01 January 2014 to 31 December 2018 = £50m - £5m = £45m

Revaluation loss from the first revaluation = Net book value on 31 December 2018 - Revalued amount on 31 December 2018 = £45m - £40.5m = £4.50m

Step 2: Calculation of the effect of second revaluation: from 01 January 2019 to 31 December 2020

Revalued amount on 31 December 2020 = £39m

Number of useful life remaining after 31 December 2018 = Number of useful life - Number of years from 01 January 2014 to 31 December 2018 = 50 - 5 = 45

Annual depreciation expenses from 01 January 2019 to 31 December 2020 = Revalued amount on 31 December 2018 / Number of useful life remaining after 31 December 2018 = £40.5m / 5 = £0.90

Number of years from 01 January 2019 to 31 December 2020 = 2

Total depreciation expenses from 01 January 2019 to 31 December 2020 = Annual depreciation expenses from 01 January 2019 to 31 December 2020 * Number of years from 01 January 2019 to 31 December 2020 = £0.90 * 2 = £1.80

Net book value on 31 December 2020 = Revalued amount on 31 December 2018 - Total depreciation expenses from 01 January 2019 to 31 December 2020 = £40.5m - £1.80 = £38.70m

Revaluation surplus from the second revaluation = Revalued amount on 31 December 2020 – Net book value on 31 December 2020 = £39m - £38.70 = £0.30m

Step 3: Calculation of the net effect of both revaluations on the statement of comprehensive income

Net revaluation loss = Revaluation loss from the first revaluation - Revaluation surplus from the second revaluation = £4.50m - £0.30m = £4.20m

Therefore, the net effect of both revaluations on the statement of comprehensive income is a net revaluation loss of £4.20m that will reduce the comprehensive income by the exact amount of £4.20m.

Answer 2

The net effect of the revaluations on December 31, 2018 and December 31, 2020 is that the comprehensive income will reduce by £11 million.

Data and Calculations:

Cost of PPE on January 1, 2014 = £50 million

December 31, 2018:

Revaluation amount =                   £40.5 million

Revaluation Loss =                          £9.5 million (£50 million - £40.5 million)

New book value =                        £40.5 million

December 31, 2020:

Revaluation amount =                   £39 million

Revaluation Loss =                          £1.5 million (£40.5 million - £39 million)

New book value =                        £39 million

Total Revaluation Loss = £11 million (£9.5 + £1.5 million)

Thus, the net effect of both revaluations on the company's statement of comprehensive income is reduction of £11 million.

Learn more: https://brainly.com/question/19518732


Related Questions

12, 3, -6, 15, ...
what is the 44th term in this sequence

Answers

Answer:

the 44th term in this sequence is 3

Step-by-step explanation:

No the 44th term in the sequence is -375.

Yay so, Which one of these answers is part of pi?
5.6
3.14
2.89
7.77
None of these



(I know the Swansea but y’all fill in the blank to this phot lol anything goes its not meant to be dirty answers tho) lol

Answers

Answer:

3.14

Step-by-step explanation:

Because pi equals to 3.14 and more numbers

Click on the measurements that is equal to 144 ounces

Answers

Answer:

its 9

Step-by-step explanation:

144 ounces to pounds is 9

Best answer gets brainliest hurry ASAP

Answers

enter your answer in the box

A number plus its opposite is called the
Property. *
O Additive Inverse
Commutative
Associative
Distributive

Answers

Answer:

The answer is the first one - Additive Inverse.

(50-72) 15 =
please help

Answers

Answer:

-330

Step-by-step explanation:

Trust me :)) sjsksksk

- ( x - 10 )² = -121 solve by using the square root property

Answers

Answer:

You would get 789BX

Step-by-step explanation:

Use a calculator

Answer:

x = 21, -1

Step-by-step explanation:

i used a math w a y

Please help! the photo is below

Answers

Answer:

8:4

Step-by-step explanation:

there is 8 frogs and there is 4 snakes

There are 8 frogs
There are 4 snakes
Frogs to snakes = 8:4, simplify
The answer is 2:1

Use parentheses to show two ways of grouping the numbers in 12 • 8 • 25. Tell which expression you think would be easier to simplify, and why. Then simplify the expression.

Answers

Step-by-step explanation:

First no. is 12

Second no. is 8

Third no. of 25

Way 1 of grouping the numbers,

(12×8)×25

We can use associative law of multiplication as follows :

(a×b)×c = a×(b×c)

(12×8)×25 = (96) × 25

= 2400

Way 2,

12×(8×25) = 12 × 200

= 2400

Way 2 is easier to simplify because when we multiply 8 and 25, we get 200. It is very easy to multiply any number with a number that have zeroes. As a result we easily get the answer i.e. 2400.

Answer:

ionk

Step-by-step explanation:

Alex has 235 candies. He wants to place the candies in five equal groups. How many candies will Alex place in each group?
A.47
B.30
C.81
D.20

(help,by the way its a math test and i need help with this question)

Answers

Answer:

A.47

Step-by-step explanation:

Step-by-step explanation:

235 / 5 = 47

Hence there are 47 candles in each group (A).

Consider the line y= -1/2x+5

What is the slope of a line parallel to this line?
What is the slope of a line perpendicular to this line?

Answers

Answer:

Step-by-step explanation:

For a line to be parallel, it needs to have same slope so the slope is -1/2 for parallel.

The slope for perpendicular is the negative reciprocal so 2.


You bought 5 chocolate bars and 8 blow pops for $23.25. Your sister bought 2 chocolate bars and 13 blow pops for $21.55. How much did each chocolate
bar cost? Each chocolate bar cost?

Answers

Answer:

Cost of each chocolate bar  = $2.65

Cost of each blow pop  = $1.25

Step-by-step explanation:

Let x = Cost of chocolate bar

y= Cost of blow pops

We can make system of equations and find value of x and y

You bought 5 chocolate bars and 8 blow pops for $23.25.[tex]5x+8y=23.25[/tex]

Your sister bought 2 chocolate bars and 13 blow pops for $21.55. [tex]2x+13y=21.55[/tex]

Let:

[tex]5x+8y=23.25--eq(1)\\2x+13y=--eq(2)[/tex]

Multiply eq(1) with 2 and eq(2) with 5 and subtract

[tex]10x+16y=46.5\\10x+65y=107.75\\- \ \ \ - \ \ \ \ \ \ - \\------\\-49y=-61.25\\y=\frac{-61.25}{-49} \\y=1.25[/tex]

So, value of y = 1.25

Putting value of y in eq(1) to find value of x

[tex]5x+8y=23.25\\5x+8(1.25)=23.25\\5x+10=23.25\\5x=23.25-10\\5x=13.25\\x=13.25/5\\x=2.65[/tex]

Value of x = 2.65

So, Cost of each chocolate bar = x = $2.65

Cost of each blow pop = y = $1.25

2 (x + 5) = } (x – 4)?
Help

Answers

Answer:

X= -14

Step-by-step explanation:

So we can first simplify the equation

2x+10=x-4

Now just solve i normally

x+10=-4

x=-14

So x is -14

waht is this plz help ​

Answers

Answer:

The answer is 10 and 37 degrees.

Step-by-step explanation:

Triangle angles add up to 180.

I hope this helped and if it did I would appreciate it if you marked me Brainliest. thank you and have a nice day!

In a sale the price of a sofa is reduced by 70%. The price is £255 Work out the price before the sale

Answers

Answer:

850

Step-by-step explanation:

850*0.3=255

Ok so I I don’t feel like doing math work while I’m sick can someone else figure out the answer because if I don’t turn this in I get an F but I’m to sick to want to figure out the maze. Please help me

Answers

Answer:

down, right, bottom left(1), right, right, right, finish

Step-by-step explanation:

which expression is equivalent to 8x-12y+32

Answers

Answer:

2x-3y+4

Step-by-step explanation:

greatest commln factor is four so divide everything by four

Answer:

umm where are the option i will give you an answer but i dont see any option

Step-by-step explanation:

4(2x-3yplus8)

Eight times a number increased by nine is the same as 15 more than 7 time the number.Find the numbers​

Answers

Answer:

the number is 6

Step-by-step explanation:

8x+9=15+7x

8x-7x+9=15+7x-7x

x+9=15

x+9-9=15-9

x=6

Answer:

the answer is 6.

I found the answer by:

8x+9=15+7x

8x-7x+9=15+7x-7x

x+9=15

x+9-9=15-9

x=6

Hope this helps, have a blessed day/night, stay safe, happy holidays, and merry christmas!

188 is 150% of what number?

Answers

1 Answer


Don't Memorise
Feb 16, 2016
The number
=
125.33
Explanation:
Let the number be denoted as
x
:
As per the question:
188
=
150
%
×
(
x
)
188
=
150
100
×
(
x
)
188
×
(
100
150
)
=
x
125.33
=
x
It is 282

Hope this helps

Have a happy holidays

Use the properties of logarithms
Rewrite the following in the form log(c).
5log(2)

Answers

Answer: [tex]5\log(2)=\log(2^5)[/tex]

Step-by-step explanation:

According to the properties of logarithms, we have

To rewrite : [tex]5\log (2)[/tex] in the form of log(c).

Therefore,

[tex]\leq 5\log(2)=\log(2^5)[/tex]   [[tex]\because\ n\log(m)=\log(m^n)[/tex]]

Hence, [tex]5\log(2)=\log(2^5)[/tex] .

I neeeeedd heeeellppp!!!

Answers

Answer:

y  ≤ 0

Step-by-step explanation:

im 99% sure this is correct

hope this helps <3

Find 12% of 1,046 ????????

Answers

12 percent = 12/100 = 0.12
1,046 * 0.12 = 125.52
Solution: 125.52

PLEASE HELP!! ILL GIVE BRAINLIEST

Answers

Answer:

Its SSS because we know that MN=HJ and MQ=HC

Step-by-step explanation:

2=4 in MN=HJ

5=10 in MQ= HC

PLEASE ANSWER ASASP FOR BRAINLEST!!!!!
Simplify:
1/4m +3/4m -3/8 (m + 1)

Answers

Answer:

5/8m - 3/8

Step-by-step explanation:

1/4m + 3/4m - 3/8(m+1)

= 2/8m + 6/8m - 3/8(m+1)

= 2/8m + 6/8m - 3/8m - 3/8

= 5/8m - 3/8

A 4-cup bottle of soda costs $5.64. What is the price per pint?

Answers

Answer:

2.82

Step-by-step explanation:

A pint is two cups, and 5.64 divided by 2= 2.82

Identify the range, What is the range?

Answers

Answer: 5 is the range.

Step-by-step explanation:

You have to subtract the lowest input number from the highest input number to find the range:

7 - 2 = ?

= 5

The range is 5.

I hope I helped and have a great day! ^-^

8.314, 8.356, 8.475, 8.36, 8.43, 8.5


LESSER GREATER

ASAP PLS

Answers

Answer:

8.314, 8.356, 8.36, 8.43, 8.475, 8.5

^ This is the numbers from least to greatest, 8.314 being the least and 8.5 being the greatest.

Step-by-step explanation:

First, start off with the lowest number. You will see that each number starts with 8, so we go to the next number. You will now see three numbers having the number 3 in the second place. Now, we go to the next digit after that.

1 is less than 5 and 6, and 5 is less than 6.

This means that the 1 will go first, followed by the 5, then the 6.

Now we see that there are two numbers with a 4 in the second decimal place. The next number after that will now determine where it goes.

3 is less than 7, so that means 3 will come before 7.

The digit 5 is the greatest, so it will be at the end of the list.

#teamtrees #WAP (Water And Plant)

The sum of two consecutive odd integers is 150. what are the two integers ?

Answers

Answer:

75..............................

The little town fine arts center charges $24 per adult and $14 per senior citezen for its performance. On recent weekend evening when the number of seniors was 167 more than the number of adults who paid admission, the total receipts were $8722. How many who paid were senior citizens

Answers

Answer:

Step-by-step explanation:

The little town fine arts center charges $24 per adult and $14 per senior citezen for its performance. On recent weekend evening when the number of seniors was 167 more than the number of adults who paid admission, the total receipts were $8722. How many who paid were senior citizens

Please help me im very depressed and im struggling a lot on my math and i really need some answers


Which sequence shows the numbers in order from least to greatest?

Answers

Answer:

C

Step-by-step explanation:

Answer:

B

Step-by-step explanation:

-2.45 times 10 squared is -245 while square root of 93 is 9.643650761 so 6.387 is the smallest then square root of 93 then -2.45 times 10 squared.

Other Questions
What are some examples of the cooperation and the conflict that have shaped Eastern Europe? Where does the second phase Cellular Respiration occur (in the animal cell)? Who did not have to work in the Incan government? Find the slope please (-1,2) (1,8)Find the slope Which line is perpendicularto the line passing throughthe points (-4, 2) and (4,--4) What is one problem with the inverted pyramid technique?A. It does not give important informationB. It gives the most important information at the beginning C. It can be cut at any pointD. It does not allow writers to be very creative What did the revolution accomplish and what ideas did it set to motion?To make it clear im talking about the revolutionary war.Write it in yo own words please. The sentence aint got to be long . Which of the following scenarios best explains the Columbian Exchange?Grain crops such as wheat, oats, and barley were introduced to Europe as a result of interaction with indigenous people in the Americas. Prior to this, the only significant grain crops grown by Europeans were rice and corn.Grain crops such as wheat, oats, and barley were introduced to Europe as a result of interaction with indigenous people in the Americas. Prior to this, the only significant grain crops grown by Europeans were rice and corn.AMany new diseases were introduced to European colonizers when they began to explore the Americas. In particular, diseases like smallpox, influenza, and the measles decimated many of the early colonial populations.Many new diseases were introduced to European colonizers when they began to explore the Americas. In particular, diseases like smallpox, influenza, and the measles decimated many of the early colonial populations.BDomesticated animals such as cattle, horses, pigs, and chickens were introduced to the Americas by European colonizers. Prior to this, very few animals had been domesticated in the Americas.Domesticated animals such as cattle, horses, pigs, and chickens were introduced to the Americas by European colonizers. Prior to this, very few animals had been domesticated in the Americas.CCrops such as potatoes and tomatoes were introduced to the Americas. Prior to European contact, these crops had only been grown in Europe: potatoes primarily in northern Europe and tomatoes primarily in southern Europe.Crops such as potatoes and tomatoes were introduced to the Americas. Prior to European contact, these crops had only been grown in Europe: potatoes primarily in northern Europe and tomatoes primarily in southern Europe.DMany crops that became valuable cash crops were introduced by European colonial powers to the Americas. Specific examples of these valuable plantation crops are tobacco, cacao, and pineapples. According to the map above, which language family is most commonly used in the country of China?A.Indo-EuropeanB.Afro-AsiaticC.Sino-TibetanD.AltaicPlease select the best answer from the choices providedABCD Help pls o answers asap What Dewey Decimal numbers match the topic of banning plastic? choose one: 000 GeneralitiesData ProcessingComputer ScienceLibrary Information & SciencesGeneral EncyclopediasNew MediaJournalism100 Philosophy & PsychologyPhilosophyParanormal Phenomena (Occult, Witchcraft, Astrology, ESP, Ghosts, Dreams, etc.)PsychologyLogicEthics200 ReligionTheory of ReligionThe BibleChristianityPractice & ObservanceReligious OrdersHistory & DenominationsWorld Religions300 Social SciencesSociologyAnthropologyPolitical ScienceEconomicsLawMilitary ScienceEducationCommerce, Communication, & TransportationCustoms & Folklore400 LanguageLinguisticsWorld LanguagesDictionaries500 Natural Sciences & MathMathAstronomyPhysicsChemistryEarth SciencesLife Sciences & BiologyPlantsWild Animals600 Technology (Applied Sciences)Medical SciencesEngineeringAgriculture, Farm Animals, & PetsHome Economics & Family LivingBusiness ManagementManufacturingBuildings & Construction700 The ArtsCivic & Landscape ArtArchitectureSculptureDrawing & Decorative ArtsPaintingGraphic ArtsPhotographyMusicPerforming ArtsSports, Games, & Outdoor Activities800 LiteratureLiterature of all LanguagesPoetryDramaFictionEssaysSpeechesLettersHumor & Satire900 Geography, History, & BiographyGeographyTravelBiographyAncient WorldEuropeAsiaAfricaNorth AmericaSouth AmericaExtraterrestrial Worlds Which one is correct?A)He says that when he comes to the school, he comes across with his friends.B)He says when he comes to the school, he comes across with his friends.C)'A' and 'B' are both correct. Jackson is buying a new TV for $650. He will also becharged 7.5% in sales tax. What will be Jackson's total bill?Is the answer 48.75 Question 10 of 10One of the skills that most leads to success in the workplace isO A always being on time to workO B. avoiding work in large teamsO a ignoring unimportant workplace rules.O R keeping your thoughts to yourself Which factor is most likely to help a young adult resist peer pressure to use drugs or alcohol?having a part-time jobhaving positive self-esteembeing a top studentbeing a member of a social club Help me out pleaseee A day on saturn takes about 10 earths hours. Which fact would best explain this short day? As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales invoices and develops a one for one match with underlying shipping documents to ensure that each sales invoice is supported by a ________. A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet been sold. The amount that the company would report as income from discontinued operations is (ignore tax effects): Multiple Choice income from operations for the year and the amount by which the components fair value less cost to sell is greater than book value. income from operations for the year and the amount by which the components fair value less cost to sell is less than book value. only the amount by which the components fair value less cost to sell is less than book value. only the components income from operations for the year.