Eka Bhd. (Eka) owns two properties and is applying the cost model of IAS 16 / MFRS 116 Property, Plant and Equipment for its owner-occupied property and the fair value model of IAS

40 / MFRS 140 Investment Property for its investment property.

The details of Eka’s properties are as follows:

Property A

Property A was acquired on 1 February 2010 at the cost of RM1,000,000 (RM600,000 for the

land and RM400,000 for the building). The building has an estimated useful life of 50 years.

Eka uses it for its head office.

Property B

Property B was acquired on 1 March 2020 at the cost of RM3,000,000 and held for its

investment potential. However, due to the specialised nature of this property, the fair value of

the property cannot be obtained. The property has an estimated useful life of 60 years.

Eka uses the straight-line depreciation method on a time-apportionment basis.

Required:

In accordance with the relev

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period