to pay rentals. The lessee depreciates the leased item and apportions lease payments between a finance charge and a reduction of the outstanding liability. No similar assets or liabilities are recognized by the lessee when the lease is classified as an operating lease. The lessee recognizes lease payments under an operating lease as an expense‚ normally on a straight-line basis over the lease term. Under IAS 17 Leases lessors are required to classify leases as finance leases or operating leases
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Assignment: Discussion of IAS 17 Leases Huixuan HUANG Student ID: 500284151 Module Organizer: Colin Bradley Words Count: 1964 words Date of Submission: 17th April‚ 2012 Discussion of IAS 17 Leases Introduction Accounting for leasing is always being a hot topic. The standard setters of IAS 17 encountered much controversy when they tried to stop charging all lease payments to the income statement. In this essay‚ firstly‚ I will point out the key features of the current IAS 17 with its effect on
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5 major differences between IAS/IFRS and US GAAP. Research and Development With US GAAP Development costs are expensed as incurred unless addressed by guidance. They are related to computer software developed for external use is capitalized once technological feasibility is established in accordance with specific critical area. In the case of software developed for internal use‚ only those costs incurred during this application development stage may be capitalized. With IFRS (IAS 38) development
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The 13‚14 and 15th Amendments were the first amendments made to the U.S. constitution in 60 years. Known as the Civil War Amendments‚ they were designed to ensure the equality for recently emancipated slaves. The 13th amendment explicitly banned slavery. An excepton was made for punishment of a crime. Theis amendment also gave Congress the power to enforce the article through legilsation. The 14th amendment set out the definitions and rights of citizenship in the United States. The first clause asserted
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Gospel: Matthew 3: 13-17 Homily: The gospel today was just like the gospel last Sunday. But today we celebrate the baptism of Jesus Christ. We celebrate Happy Three Kings‚ but now we celebrate it as epiphany meaning knowing Jesus. In the gospel today John doesn’t want to baptize Jesus. But why? Our priest told us that John doesn’t want to baptize Jesus because Jesus doesn’t have sins‚ and he told us also Jesus wants to be baptized because he took our sins. Jesus wants us to be saved from our sins
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Chapter Twelve and Thirteen Garp Essay Cheating during the course of a marriage is not considered as loyal or faithful. Many people do not allow cheating while other people beg to differ. Some couples accept cheating and say “forgive to forget” but that is not always the case. Both Garp and Helen experience infidelity during their marriage and they both handle it two different ways. Some women take it worse than men‚ but it can also be the other way around. Garp is the first spouse to cheat on
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The Catcher in the Rye Chapters 13-17 1. Holden accepts the assignation with Sunny because he believes that he will be able to actually have sex for the first time without any interruptions. Holden says that‚ "Something always happens"(Salinger 103). This means that something always gets in the way. Holden just wants to get his first time over with. 2. Holden is unable to consummate any physical act with Sunny because he wants to keep his innocence. Holden covers this up by saying‚ that he
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Case # 1 Andersen: An Obstruction of Justice? P. C1 DISCUSSION QUESTIONS 1. Look up the term corrupt in the dictionary. What is its definition? Was corrupt appropriately applied to the actions of Arthur Andersen? 2. The issues that overturned the Andersen verdict were based on faulty jury instructions‚ not on whether Andersen was in fact guilty or innocent. Based on the information in this case and other information you know‚ do you believe Andersen violated the law? 3. Do you believe that the
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* Question 1 0 out of 10 points | | | Winston Corp. had $1‚800 of supplies on hand at January 1. During the year‚ supplies with a cost of $4‚000 were purchased. At December 31‚ the actual supplies on hand amount to $1‚300. After the adjustments are recorded and posted at December 31‚ determine the balances in the Supplies and Supplies Expense accounts. Supplies ; Supplies ExpenseAnswer | | | | | Selected Answer: | [None Given] | Correct Answer: | $1‚300; $4‚500 | Response
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List of Mobile Suit Zeta Gundam characters From Wikipedia‚ the free encyclopedia Mobile Suit Zeta Gundam is a Japanese science fiction anime television series that originally aired on Nagoya Broadcasting Network between March 2‚ 1985 and February 22‚ 1986. Mobile Suit Zeta Gundam featured many new characters and several returning characters from the earlier Mobile Suit Gundam anime television series. Contents [hide] 1 Protagonists1.1 AEUG1.2 Karaba2 Antagonists2.1 Titans2.2 Axis3 Others4 ReferencesProtagonists[edit]
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