← X E Qwhatsapp web- C https://web.whatsapp.com · ★ 6 < Type here to search + Question 1 1 out of 1.5 points Mr Emad che

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X E Qwhatsapp Web C Https Web Whatsapp Com 6 Type Here To Search Question 1 1 Out Of 1 5 Points Mr Emad Che 1 (476.08 KiB) Viewed 18 times

← X E Qwhatsapp web- C https://web.whatsapp.com · ★ 6 < Type here to search + Question 1 1 out of 1.5 points Mr Emad checked into Hanifah hotel on 1st May, 2022. He paid for 20 nights at $100 per night. On 14th May, 2022, there was an emergency call from his office and he checked out of the hotel. There is no penalty for cancelling the remaining days. Which of the following is not true about the hotel's records on the day Mr Emad checked out? Question 2 4 out of 5 points In January 2010, Koki enterprises purchased equipment for 610,000 and was estimated to have a useful life of 15 years with a residual value of 10,000. At the end of 2020, it was determined that there should be a test for impairment. If the company want to sell, the highest bidder of the equipment is offering 110,000. If the company wish to continue using the equipment, it hopes to gain 40,000 for the first two years and 30,000 each year subsequently. (All figures are in AED) Required: A. Compute the carrying value of the equipment at the end of 2020 (2 marks) B. As the company accountant, advise the company whether there is impairment or not. Show clearly the calculations that made you reach this decision. Statement without showing workings and formulas will not be awarded marks. (2 marks) C. Explain what the company should do with the equipment and give reason (1 Mark) Question 3 1.5 out of 1.5 points A company sells 1500 shares at No par value. The stated value is $75 per share but the company sold at $125. Which of the following record is correct on the sales date? 1 jol O ● 37°C Sunny A 3? واتساب a A All To 角 x Not syncing +971 56 377 7130 yo 15:01 si FOFT/0/5 sarah > 2:02 AM E E 5/28/2022 GOA