ACCO 310 Lecture Notes - Lecture 2: Cash Flow, Market Participant, Fair Value

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,700 (l ) interest payable (xa ) accumulated depreciation expense. P3-10 (pg. 141) continued (5) (cid:862)ac(cid:395)uisitio(cid:374)s a(cid:374)d (cid:396)eti(cid:396)e(cid:373)e(cid:374)ts du(cid:396)i(cid:374)g the yea(cid:396) a(cid:396)e dep(cid:396)eciated at half this (cid:396)ate(cid:863) A lot of freedom in regards to the estimation of depreciation, very different from tax regulations. Add to interest expense ,375 and create interest payable account for the same amount (7) Create interest receivable account for the amount of and create interest revenue account for the same amount (8) December 31st (e ) rent expense (e ) interest revenue (a ) prepaid rent. ,500 (e ) unrealized gain on fv-ni (a ) fv-oci investment. Purpose is to not influence net income on volatile investments. Measurement under ifrs combination of hc, fv and hybrid leading to a mixed-attribute measurement model. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participant at the measurement date.

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