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@Zibago @Hell hound @jamahir @Nilgiri @friendly_troll96 @Xlvee01
:flame::flame::flame::flame:I need a ice cool pepsi to cool me down, damn she too sexy for pepsi

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Those tangible assets need to be depreciated on reducing balance basis [emoji12]
 
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:rofl:
But for that you need to debit cash from your bank.
brother i will dilute the shares if i have to.to generate cash for this investment opportunity :P
Are you chartered account ? Too much knowledge and some strong concepts :lol:
well mate investments with such high rate of return will make any accountant droll.:flame:and yep bro i am an ACCA.

Are you chartered account ?
seems like you too have a solid grip on the concepts :lol:.you an accountant too
 
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brother i will dilute the shares if i have to.to generate cash for this investment opportunity [emoji14]

well mate investments with such high rate of return will make any accountant droll.:flame:and yep bro i am an ACCA.


seems like you too have a solid grip on the concepts [emoji38].you an accountant too
Don't forget to audit those tangible assets with substantive procedure's.
Yes I am a student of ACCA.
 
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:lol: don't worry mate i will try my best to get enough time to test 100% of these assets or at least keep the sample size huge:azn:


good luck with it bro.
ps how many papers have you cleared till date.
There is no need for counting there are just 4 tangible assets .One is split into two parts and you need to depreciate them separately and do not forget to deduct the residual value :lol: However psychical inspection is required for existence and valuation assertion.
Make sure no advocacy threat arise.
I am almost touching the finals.
 
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One is split into two parts and you need to depreciate them separately and do not forget to deduct the residual value
i think it will be hard to determine the individual vale of these split assets and hence we would need to treat both of them as a single cash generating unit :lol:
However psychical inspection is required for existence and valuation assertion.
oh definitely bro will be inspecting it myself.can't leave such important task to juniors :rofl:
Make sure no advocacy threat arise.
that isn't as easy as it looks :whistle:
 
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i think it will be hard to determine the individual vale of these split assets and hence we would need to treat both of them as a single cash generating unit :lol:
But for doing so you need to involve independent valuation expert .You can get one from heera mandi or from escort agency.And do not forget to apply the impairment loss to the CGU .
oh definitely bro will be inspecting it myself.can't leave such important task to juniors :rofl:
That will give rise to self-review threat :lol:
We all Tharkered accountant here :P
You from ICAI ?
 
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