LEASES Lessee: Operating lease or finance lease (substance over legal form). ASPE: ‘Capital’ Finance lease if meet one of the criteria (for both ASPE and IFRS): transfer of ownership/BPO‚ lease term major part of economic life (> 75%)‚ PV minimum lease payments (MLP) substantially all of FV (> 90%). If not‚ operating lease and record rent expense and disclose if committed more than one year. IFRS: additional criteria: leased asset specialized – only lessee can use without major modifications
Premium Lease Depreciation Generally Accepted Accounting Principles
Case 20: Aurora Textile Company Summary: In early 2003‚ Michael‚ CFO of Aurora Textile Company‚ is deciding whether or not to install a new machine called Zinser 351 in order to save the declined sales and increase its competitive force. In deciding whether or not to invest Zinser 351‚ it is important to get the NPV and the payback period. To get the NPV and the payback period‚ we firstly need to forecast the future cash flows that the new machine will generate. We found the ten-year NPV to be
Premium Cash flow Free cash flow Net present value
China in The Past 20 Years Wang Xiao In the past 20 years‚ China as one of the two largest and fastest growing economies in the world has experienced great changes and development. This development is reflected in many fields‚ such as economy、society、science technology、education、culture and so on. This essay is going to talk about the 20 years’ development of China in three main aspects: economy、society and science technology. Firstly‚ the growth of Chinese economy over the past 20 years is remarkable
Premium Developed country Three Gorges Dam Sustainability
MGT2540 Assignment 1 - Individual presentation Due date: WEEK 12 Wednesday‚ 17th December 2014 Assignment INDIVIDUAL POWERPOINT PRESENTATION (20% OF FINAL GRADE) • Size‚ sector and type • Stated values and social responsibility activities • External business environment (PESTLE Analysis) Assignment The assignment has two parts: 1. Research notes & Table of References [60% of the assignment grade] – Research notes (max 1200 words) outlining research undertaken using a variety of independent
Premium Citation Typography
The Roaring 20’s were a time of social‚ economic and cultural growth. It was the time period from 1920-1929 and is arguably the most impactful period in America’s history. The main changes during this time were Prohibition and the Stock Market Crash. Prohibition caused a huge change in social interactions and the Stock Market Crash had major effects‚ not only America’s economy but also other countries. Prohibition was one of the main changes to society during the Roaring 20’s. Prohibition was a
Premium Ku Klux Klan Wall Street Crash of 1929 Eastern Europe
as unlovable. However‚ in Shakespeare’s Sonnet 20‚ the poet displays power emotions indicating and praising a deep sensual love. With his writing techniques‚ Shakespeare is able to switch the message in his sonnets by using diction. Therefore allowing him to use diction‚ and use the Shakespearean sonnet format‚ in order to articulate love—the real and the fantastical—in both sonnets. Starting off with Shakespeare’s most controversial sonnet‚ Sonnet 20 has caused much debate. Some scholars believe
Free Shakespeare's sonnets Sonnet Poetry
INTRODUCTION Nigeria’s economic development blueprint is all about vision 20:20. The vision 20:20 economic transformation blueprint is a long term plan for stimulating Nigeria’s economic growth and launching the country onto a path of sustained and rapid socio-economic development. The blueprint articulates Nigeria’s economic growth and development strategies for the eleven-year period between 2009 and 2020‚ and will be implemented using a series of medium term national development plans. NV20:2020
Premium Economics Economic development Economic growth
Abstract: The purpose of this experiment was to determine the concentration of an unknown amount of copper sulfate using the spectronic 20. Four solutions of different concentrations of H₂O and CuSO₄ were put into the spectronic 20 to observe their absorption of light. Then‚ a graph was created to plot down the measurements. Using the calibration curve of the graph‚ the concentration of the unknown substance was found out to be .12M. Background/Introduction: Beer’s law (which states that
Premium Concentration Absorbance Sulfuric acid
A vision for 20 years: the learning society 1. Our title‚ Higher Education in the learning society‚ reflects the vision that informs this report. Over the next 20 years‚ the United Kingdom must create a society committed to learning throughout life. That commitment will be required from individuals‚ the state‚ employers and providers of education and training. Education is life enriching and desirable in its own right. It is fundamental to the achievement of an improved quality of life in the UK
Premium Higher education Education
Psychiatric Mental Health Chapter 20: Sleep Disorders •Sleep is a major function of daily living and mental health. •The average adult should get 7 to 9 hours of sleep daily. •However‚ many people are in the habit of frequently cutting back on sleep to meet other social needs. •The most common and major consequence of sleep loss is excessive sleepiness. •Sleep deprivation is another consequence of sleep loss that complicates health‚ safety‚ and quality of life for individuals.
Premium Sleep Sleep deprivation Sleep disorder