How much interest can be accumulated during one year on a $1,000 deposit paying continuously compounded interest at an APR of 10%?

What changes in the balance sheet accounts would constitute sources of funds? What changes would be considered uses of funds?

What will be an ideal response?

In 2010, Bambung Corporation acquired production machinery at a cost of £410,000. In 2013 when accumulated depreciation was £100,000, Banbung reported an impairment loss of £75,000. Now, in 2017 the machinery has a book value of £190,000. The recoverable amount of the machinery is £210,000. and its value in use is £195,000. During impairment testing, Bambung recognized the possibility of a

reversal of the previous impairment loss. What amount, if any, should Bambung recognize as a reversal of impairment loss? A) £75,000 B) £20,000 C) £ 5,000 D) -0-