Please tell me the lowest priceMajor Assignment 1 ACC210 Major Assignment (Task 2) ATMC Semester 2...

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Please tell me the lowest priceMajor Assignment 1 ACC210 Major Assignment (Task 2)  ATMC Semester 2 – 2018  Word count: approximately 1,500 words  Weighting: 30%  This assignment (task) requires you to prepare answers to the following four (4)  questions. The assignment must be your own individual work, that means it is not  a group assignment. If it is believed that a student has copied material from another  student or any other source without appropriate referencing, the necessary action  will be taken in accordance with the University’s Student Academic Integrity –  Governing Policy:  (http://www.usc.edu.au/explore/policies-and-procedures/student-academic- integrity-governing policy). Therefore, it is critical that you provide complete  referencing for any and all sources of information (e.g. course textbook, other  textbooks, journal articles, website documents etc) that you use in preparing your  assignment. This includes both in-text references and a list of references at the end  of your assignment. Please contact your local campus lecturer/tutor if you have any  queries about referencing. Alternatively, you can post your query to the Discussion  Board on the course Blackboard site.  Other general points about this assignment: • The assignment must be submitted electronically via Safe Assignment on the  ACC210 Blackboard site.   • If you wish to apply for an extension to your submission date, please email  Ratna Paudyal (rpaudyal@usc.edu.au) to explain the circumstances and  attach supporting documentation.  • Late penalties will be applied for assignments submitted after 12 midnight  (24:00 hours) on Monday 24 September 2018 without an approved extension.  More details on late penalties are provided in the course outline.  • It is not necessary to include an overall introduction and conclusion for the  assignment.  • The suggested word count for each of the four (4) questions provides you with  a guide to the approximate number of words that you should use in answering  each question. The total word count is approximately 1,500 words. But if your  word count is above 1,800 words, we will not continue marking your  assignment after reading that number of words. http://www.usc.edu.au/explore/policies-and-procedures/student-academic-integrity-governing http://www.usc.edu.au/explore/policies-and-procedures/student-academic-integrity-governing mailto:rpaudyal@usc.edu.au 2   Question 1: (Approximately 400 words) 6 marks Himalaya Ltd operates a café and gift shop at Mount Tamborine in the Gold Coast  hinterland. You are the accountant for the company and the following items relate to  the year ended 30 June 2018: (a) $20 000 cash was stolen from Himalaya Ltd.’s night safe     (b) The court has ordered Himalaya Ltd to repair the environmental damage it  caused to the local river system. You have no idea how much this repair work  will cost. (c) Himalaya Ltd receives a donation of $10 000. Required:  Explain how Himalaya Ltd should account for each of the 3 circumstances described  above. You must justify your answer by reference to the AASB conceptual  framework's definitions and recognition criteria for assets, liabilities, income and/or  expenses.   Question 2: (Approximately 400 words) 6 marks  Riyaz Ltd has acquired a new machine which it has had installed in its factory.   1. Labour and travel costs for managers to inspect possible new machines and  for negotiating for a new machine.  2. Freight costs and insurance to get the new machine to the factory.  3. Costs for renovating a section of the factory, in anticipation of the new  machine’s arrival, to ensure that all the other parts of the factory will have easy  access to the new machine.  4. Cost of cooling equipment to assist in the efficient operation of the new  machine.  5. Costs of repairing the factory door, which was damaged by the installation of  the new machine.  6. Training costs of workers who will use the machine.  Required:  Explain which of the 6 items described above should be capitalised into the cost of  the building. Provide a reason for your answers. You should refer to the Conceptual  Framework and any relevant accounting standards to support your explanation. 3   Question 3: (Approximately 450 words) 6 marks  Harry Ltd acquired two copyrights during 2017. One copyright related to a textbook  that was developed internally at a cost of $10 500. This book is estimated to have a  useful life of 5 years from 1 September 2017, the date it was published. The second  copyright was purchased from the Oxford University Press on 1 December 2017 for  $12 000. This book, which analyses Aboriginal history in Western Australia prior to  2000, is considered to have an indefinite useful life.  Required:  Discuss how these two copyrights should be reported in the statement of financial  position of Harry Ltd at 30 June 2018. You should refer to the Conceptual  Framework and any relevant accounting standards to support your explanation Question 4: (Approximately 250 words) 4 marks  The accountant of Harry Ltd believes that long service leave should not be  considered as a liability in the accounts until employees have commenced their tenth  year of service, given this leave entitlement only applies to Harry Ltd employees after  10 years of continuous service. Required:  Advise the accountant on whether this approach is acceptable, you should refer to  relevant parts of the AASB accounting standards in your answer.    Assessment Criteria and Marking rubrics:  The assignment will be marked according to the rubric, which encompass aspects  such as:  • Logical application of concepts to situations, with adequate justification for  choices made  • Professional presentation, including correct use of spelling, grammar and  Harvard referencing  • You should present your assignment in report format but you may exclude  the Executive Summary, Introduction, Conclusion and Recommendations.  Your report format should include:  o Title page  o Table of Contents  o Question 1  o Question 2  o Question 3  o Question 4  o List of References    Presentation, Spelling, grammar & referencing (overall; not separately for each  question) 8 marks 4 CRITERIA HD > 85% DN (75% - 84.9%) CR (65% -74.9%) P (50%- 64.9%) FL

Major Assignment 1 ACC210 Major Assignment (Task 2) ATMC Semester 2 – 2018 Word count: approximately 1,500 words Weighting: 30% This assignment (task) requires you to prepare answers to the following...

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