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March 10, 2021 at 6:34 pm
I have just done the quiz, and worked really well for me, apart from question 1. I cannot figure, how they arrive at 70. I calcualated depreciation based on 7 months ok being 55,417, but then the rest of the amount in the answer as being the interest rate on 250.000. How was that calculated? Could you please specify?
January 16, 2021 at 2:21 am
Please how was the balance b/f of $1,710,000,000 arrived at in the solution provided for question 6 ?.
January 16, 2021 at 2:19 am
Please how was the balance b/f of $1,750,000,000 arrived at in the solution provided for question 4 ?.
February 8, 2021 at 9:13 pm
This might be too late.
There is an omission of space. It’s not a b/f of 1,750,000. It is actually the year ending ’17 – with 50,000.00 as initial entry. Same applies for the second row.
April 15, 2021 at 1:35 am
it’s not too late. you just saved me from a whole lot of confusion. I get it now. thanks. we need more of you here
September 16, 2020 at 3:58 pm
How do I use the market discount rate on lease?
October 16, 2020 at 4:48 pm
Apply the discount rate on the lease liability at year-end before deducting lease payments(if they’re paid in arrears)
August 23, 2020 at 1:24 am
Question 1- should depreciation not be calculated on the Right of Use asset valued at the present value of lease payments?
October 18, 2019 at 11:57 am
Can someone please clarify? Do I calculate interest after deducting payments or before? Thank you!
October 23, 2019 at 7:09 pm
Same here. How r we going to know if interest will be calculated after we r before the installment
June 28, 2020 at 7:33 pm
WHERE CAN I FIND SOLUTIONS,ANSWERS?
November 8, 2019 at 7:02 am
Good day. If payments are made in arrears we first calculate interest then deduct payments. If we pay in advance first we deduct payment then calculate interest. Hope you get it.
August 23, 2019 at 1:01 am
Question on 4 & 6. Aren’t the interest being calculated on the B/F AFTER cash deducted? This was in the lectures.
Thank you in advance!
October 16, 2020 at 4:54 pm
It is only when payments are made in advance. However, if payments are made in arrears interest rate is computed on the bal b/f before deducting the payment.
May 1, 2019 at 3:24 pm
Plz The 250000 used to charge 10% came from where?
May 28, 2019 at 5:09 pm
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