MGT401 - Financial Accounting II

MGT401 Assignment Solution

Answer: a)     Plant: Revalued Gross Carrying Amount= (524000/479,000) x 621000 Revalued Gross Carrying Amount= 679340.292 Equipment: Revalued Gross Carrying Amount= (756,000/691,000) x 930000 Revalued Gross Carrying Amount= 1017481.91   b) Plant:... Read More

MGT401 GDB

Scenario: On 1st July 2014 Alex Corporation borrowed Rs. 10,00,000 for the construction of its manufacturing plant, approximately it will take one year to construct. Loan of Rs. 10,00,000 was taken from the bank on 1st July 2014; Rs. 600,000 were utilized on 1st July 2014 and remaining Rs. 400,000 utilized on 1st... Read More