We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

MGT401 Assignment No 01 Solution & Discussion Due Date:04-12-2018

FINANCIAL ACCOUNTING II (MGT401) 
ASSIGNMENT NO. 01
DUE DATE: 4
TH
DEC, 2018MARKS: 30 
Learning Outcomes 
After going through this activity, the students would be able to apply the analytical skills. 
Assignment 
Topic: “Intangible assets” and “Property, Plant and Equipment” 
Part A: 
Mark pharmaceuticals Ltd. (MPL) is a listed firm and famous for dealing in pediatric 
medicines. Suppose you have been hired as financial manager of the company. The following 
information is provided to you for the correct treatment as per IAS 38 (Intangible assets) for 
the year ended June 30, 2018. 
1. MPL has developed and patent two new vaccines A and B at a cost of Rs. 160 million 
and Rs. 120 million respectively. Based on the market analysis, it is estimated that 
Vaccines A would generate revenue of Rs. 300 million per annum for the next five 
years and Vaccine B would generate a total revenue of Rs. 80 million for an indefinite 
period of time. 
2. An amount of Rs. 6 million paid for television advertising campaign that will cover a 
period of 6 months from May 1, 2018 to October 31, 2018. The directors believe that 
the campaign would help to boost sales growth (targeted at 8% for the next two years). 
3. An amount of Rs. 5 million were spent on training of technical staff. The training 
courses were conducted by leading experts ofpharmacy production and are expected to 
improve the production quality significantly and reduce cost. 
Requirement: 
As per IAS38 (Intangible assets), you are required to explain how the above expenditure will 
be accounted for in the financial statements of Mark pharmaceuticals Ltd. (MPL) for the year 
ended June 30, 2018.

 

Part B: 
Mark pharmaceuticals Ltd. (MPL) has provided the following information about the assets of 
the company at the end of year (June 30, 2018): 
Debit 
(Rs.) 
Credit 
(Rs.) 
Land Acquired January 1, 2016 (at cost) 80,000 
Office buildings erected on June 30, 2018 (at cost) 50,000 
Fixture and fitting (at cost) 60,000 
Accumulated depreciation of fixture and fitting on July 1, 
2016 
10,000 
Notes:
 Depreciation is calculated at 10% per annumon the basis of reducing balance method 
for fixtures and fittings. 
 Buildings will be depreciated at 2% per annum on straight line basis. 
Required: 
You are required to prepare the notes to the financial statements of property plant and 
equipment as per IAS 16 for the year ended on June 30, 2018. 
Note: Thorough reading and understanding is required to answer the required questions.
IMPORTANT: 
24 hours extra / grace period after the due date is usually available to overcome uploading 
difficulties. This extra time should only be usedto meet the emergencies and above mentioned 
due dates should always be treated asfinal to avoid any inconvenience. 
IMPORTANT INSTRUCTIONS/SOLUTION GUIDELINES/SPECIAL INSTRUCTIONS
 If plagiarism found more than 20%,your assignment will be marked zerobecause 
university is following no plagiarism policy. Plagiarism reports will be attached with 
your assignment solution files to giveyou exact results of copied data. 
 Only to the point and relevant answers are required with proper logics. 
OTHER IMPORTANT INSTRUCTIONS: 
DEADLINE: 
 Make sure to upload the solution file before the due date on VULMS. 
 Any submission made via email after the due date will not be accepted. 
FORMATTING GUIDELINES: 
 Use the font style “Times New Roman”or “Arial” and font size “12”. 
 It is advised to compose your document in MS-Word format. 
 You may also compose your assignment in Open Office format. 
 Use black and blue font colors only. 
REFERENCING GUIDELINES: 
 Use APA style for referencing and citation. For guidance search “APA reference style” 
in Google and read various websites containing information for better understanding or 
visit: 
http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html 
RULES FOR MARKING
Please note that your assignment will not begraded or graded as Zero (0), if: 
 It is submitted after the due date. 
 The file you uploaded does not open or is corrupt. 
 It is in any format other than MS-Word orOpen Office; e.g. Excel, PowerPoint, PDF 
etc. 
 It is cheated or copiedfrom other students, internet, books, journals etc. 
Note related to load shedding: Please be proactive 
Dear students! 
As you know that Pre-Mid-Term semester activitieshave started and load shedding problem is 
also prevailing in our country. Keeping in view the fact, you all are advised to post your 
activities as early as possible without waiting for the due date. For your convenience; activity 
schedule has already been uploaded on VULMS for the current semester, therefore no excuse 
will be entertained after due date of assignments or GDBs.

+ Click Here To Join also Our facebook study Group.

..How to Join Subject Study Groups & Get Helping Material?..


See Your Saved Posts Timeline

Views: 2415

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

Replies to This Discussion

Please Discuss here about this assignment.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>

Discussed & be touched with this discussion. After discussion a perfect solution will come in a result at the end.

 

Note:-

For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Or visit this link 

Click Here For Detail.

&

.•°How to Download past papers from study groups°•.

 

Please Click on the below link to see…

.... How to Find Your Subject Study Group & Join .... 

 

P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

dear bilal is suggested answer or conform ,,

 

dear bilal plz share full working so we can learn the whole assignment .it will be helpful for all ur course fellows .jazak Allah

aoa.plz ap assignment file send kr den complete

please upload the solution 

dear hina do u get the solution of this assignment?plz share with me at suser1762@gmail.com thnx

still i dont have any solution idea

This calculation is not complete.

This is wrong answer.

Is that complete solution ?

dear please if you have complete solution please send me at baganmastoi@gmail.com

in 2nd part-B you just make notes on Office Building & Fixture & Fitting.

RSS

Today Top Members 

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service