IAS 36: IMPAIRMENT OF ASSETS Question Nne.
Zeltec PLC (Zeltec) has 800 hectares of agricultural land amongst its fixed assets at cost of 4,400,000 as at 30 June 2005. The
required rate of return is 7%.
Due to the state of the agricultural sector the directors with to check whether the value of the land has been impaired. The land
has been rented out at an annual rent of 400 per hectare with five yearly rental reviews.
The rent recently has been renegotiated at an annual rent of 350 per hectare for the five years commencing 1 July 2005. Values
recently estimate that the land would fetch 4,000 per hectare on a sale at 1 July 2005.
Required:
Advise the directors if an impairment has occurred and, if so, provide the account entry required to reflect the impairment in the
accounts for the year to 30 June 2005.
Hint: Land is assumed to have an indefinite life. The rental income should also be indefinite.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b