under U.S. GAAP‚ include calculations‚ etc. + Pass off to Kathy/Chelsea to talk about Need space case. * Under US GAAP ASC 840-30 it would be treated as a capital lease * Lease term is> 75% of economic life * P.V. of MLP is > 90% of FMV of leased property * Record the asset and obligation at PV of MLP (ASC 840-30-30-1) * Depreciation- ASC 840-30-35-1 (a) and (b) gives guidance on how to depreciate when ownership transfers or not Under U.S. GAAP many things
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When I walked up to the sidewalk‚ the crowd was the first thing I noticed. A diverse clientele from different ethnic backgrounds waited outside for a table; luckily we had a reservation. Walking into the restaurant‚ I noticed the enormous wood fire oven in the kitchen under a wall of wooden logs that stretched from one side of the restaurant to the other. When we sat down at the table next to the kitchen‚ bread was already waiting for us‚ and the noisiness of the crowd dissipated as we tasted the
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realizable value. The IFRS accounting for inventory is generally converged with ASPE. The only difference between IFRES and ASPE in the accounting for inventory is with borrowing costs. Since some inventory products require significant manufacturing time (qualifying assets)‚ a manufacturer will finance its operating costs by borrowing money. Under ASPE we can choose to capitalize borrowing costs relating to inventory that takes substantial time to get it ready for sale. In comparison with IFRS‚ borrowing costs
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IFRS: ITS RELEVANCE‚ CHALLENGES AND BENEFITS. Dr. J.Bordoloi‚ Associate Professor‚ Haflong Govt. College bordoloijyotish27@gmail.com Ms. B.Bordoloi‚ Assistant Professor‚ Lakhimpur Commerce College bohnisikha.bordoloi@yahoo.com Key Words: Harmonize‚ Convergence‚ Comparability‚ Reliability‚ Credibility‚ Understandability. Abstract: The accounting standards are the ideal and standardized practice of accounting which aims to harmonize the accounting language. However the
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others vulnerable in front of this highly competitive global economy. The changes due to globalization are more and more affecting businesses worldwide‚ one of which is the increase of economies’ inter-dependence‚ where trade is as easy as if we were dealing on a one-country scale which makes one store in the U.S include as a direct or indirect competitor another one in a totally different region across the globe. As the world changes it is bringing about much greater business‚ economical and social impacts
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Eboni Mighty “Zesty Italian” In this particular ad‚ a fairly nice looking gentleman is lying on a blanket‚ unclothed seemingly to have enjoyed the pleasure of a complete picnic. While eating biscotti and drinking fine Italian wine‚ the rays of the sun glisten on his sun kissed skin‚ wow this was certainly enough to capture my attention! The grass is a dark forest green and is perfectly manicured as if just been cut. Red and white printed‚ the blanket is laid across the grass with this striking
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that Italy has brought in all fields of culture along 2‚500 years of history are innumerable; in the two periods in which the Italian territory was the center of the civilization of the time‚ during the Roman Empire and the Renaissance‚ the role he had in the history of human knowledge was of decisive importance. From the Greek temples of Magna Graecia to medieval villages‚ from the Roman Baths to the eighteenth-century villas‚ Italy has over 60 thousand national monuments‚ 3‚400 museums‚ about 2‚100
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official EU language: Italian Italy is mainly mountainous‚ except for the Po plain in the north‚ and runs from the Alps to the central Mediterranean Sea. It includes the islands of Sicily‚ Sardinia‚ Elba and about 70 other smaller ones. There are two small independent states within peninsular Italy: the Vatican City in Rome‚ and the Republic of San Marino. The centre of the vast Roman Empire which left a huge archaeological‚ cultural and literary heritage‚ the Italian peninsula saw the birth
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THE ITALIAN CERAMIC TILE INDUSTRY INTRODUCTION Sassuolo is an Italian industrial city that hosts a lot of ceramic tiles’ companies‚ due to the huge boom in ceramic demand after the Second World War. Consequently‚ supporting industries grew next to the ceramic tile’s factories. Ceramic tiles are very well considered in Italy and around the Mediterranean‚ because of the warm weather; they provide more coolness than other materials‚ for example wood or carpets. The ceramic tile
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Italian Literature A study of Italian literature has strongly influenced not only the Europeans but also the world. It shows passionate sensitivity to goodness and true beauty of life. The Italian love for Christian virtue‚ faith‚ hope‚ and charity radiates in both their prose and poetry. For Italians‚ true love and nobility‚ which are manifested in their literary works‚ are inseparable. FAMOUS POETS PROFILE WORKS SHORT DESCRIPTION of WORKS Horace Virgil Livy Ovid
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