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Topics: Balance sheet, Generally Accepted Accounting Principles, Depreciation Pages: 21 (3756 words) Published: October 29, 2014
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KNenyüGnþrCati

sMNYreFVIpÞH emeronTI1
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3

Ekv vasna

TMB½rTI 1

saklviTüal½yFnFanmnusS

KNenyüGnþrCati

lMhat; emeronTI2
lMhat;TI1 ³ (IAS 2: Inventory) Measurement: Lower of Cost or Net Realizable Value Rule snµt;fa Rkumh‘un Monroe mansnñiFikñúgédenAéf¶TI 31-December-Year 1 dUcxageRkam ³ _________________________________________________________________ Historical Cost (HC) (Book Value) ............................................. $ 98,000 Replacement Cost (RC) (Market Value) .................................... $107,000 Estimated Selling Price .............................................................. $105,000 Estimated Costs to Complete and Sell ...................................... $ 5,000 _________________________________________________________________

k> cUrKNnacMeNj-xat nig kt;Rtakñgú Tinñanub,vtþienAéf¶TI 31-December-Year 1 eRkamsþg;dar IFRS nig U.S GAAP.
x> snµt;fa enAéf¶TI 31 Ex mIna qñaMTI2 Replacement Cost Føak;mkenARtwm $95,000 nig Estimated Selling Price Føak;mkenARtwm $93,000 cMENkÉ Estimated Costs to Complete and Sell mancMnYn $4,000. cUrKNna cMeNj-xat nig kt;Rtakñgú Tinñanub,vtþi eRkamsþgd; ar IFRS nig U.S GAAP. lMhat;TI2 ³ (IAS 2: Inventory) Cost Formulas: Average and FIFO Method Rkumh‘un International Trading naMcUlTMnijBIRbeTscinmklk;kgñú Rsuk. Rkumh‘un manTinñn½yGMBI karTij niglk; kñúgkMlugqñaM 2011 dUcxageRkam ³

Purchases:
- January 2011
- March 2011
- September 2011

10,000 units
20,000 units
25,000 units

@
@
@

$30 / unit
$25 / unit
$20 / unit

Sales:
- May 2011
- October 2011

25,000 units
20,000 units

cUrKNnaéføedImTMnji cugRKa (Cost of Ending Inventory) nig éføedIménkarlk; (Cost of Sale) eday eRbIR)as;vFi Isa®sþ cUlmunecjmun (FIFO: First-In, First-Out) nig mFüméføedIm (Average Method).

Ekv vasna

TMB½rTI 2

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KNenyüGnþrCati

lMhat;TI3 ³ (IAS 16: Property, Plant, and Equipment) Treatment of Accumulated Depreciation upon Revaluation.

snµt;fa enAéf¶ 31-FñÚ-2011 Rkumh‘un Kiely Inc. man Building EdlmanéføedImcMnYn $600,000 man Accumulated Depreciation cMnYn $250,000 nig Carrying Amount cMnYn $350,000. enAéf¶enaHEdr Rkumh‘un)ankMNt;fa Market Value én Building mancMnYn $450,000. cUrbBa¢ak;eLIgvij ¬vaytémø¦ GMBIKNnI Building nig KNnI Accumulated Depreciation on Building eRkamviFsI a®sþ Revaluation Model ³

k> rebobTI1 (Treatment 1)
x> rebobTI2 (Treatment 2)
K> eFVIsMNYr {k} nig sMNYr {x} sarCafµI edaysnµt;fa Market Value fµIén Building KW $300,000.
lMhat;TI4 ³ (IAS 16: Property, Plant, and Equipment) Treatment of Accumulated Depreciation upon Revaluation.

snµt;fa Rkumh‘un Kiely Inc, )aneFVkI arvaytémøelIGclnRTBürbs;xøÜnedayeRbIR)as;vFi Isa®sþ Revaluation Model. xageRkamKWCaTinn
ñ ½yGMBGI clnRTBürbs;Rkumh‘nu ³
Cost ……………………………
Fair Value (31-12-Year1)…….
Fair Value (31-12-Year2)…….

Land

Buildings

$100,000
$120,000
$140,000

$200,000
$210,000
$170,000

Machinery
$200,000
$160,000
$180,000

cUrkt;Rtakñgú Tinñanub,vtþiGMBIkarvaytémøeLIgvijenAéf¶TI 31-12-Year1 nig 31-12-Year2. lMhat;TI5 ³ (IAS 36: Impairment of Assets)...
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