Travel with Companion Essay Example for Free

Travel with Companion Essay After working hard or finishing courses, many people want to have a tour which they have fun and relax. Many people like to travel with a companion ; other people prefer to travel alone. So I love traveling with friends more than traveling alone because it is convenient and brings me a lot of memories. Firstly, traveling with my best friends is great and gives me many nice memories. Also, it brings more fun because you can do a lot of things, and different people have different ideas on what to do. For example, we can go sightseeing, eat and take photos together. For one thing, I can share happiness with others instead of enjoying it lonely even the landscape is really graceful. For another thing, we can take care of each other because we are friends. On the other hand, I can save tour expenditure when traveling with friends. That is a reason why many people do not like to travel alone. I can rent double rooms, king-size rooms instead of renting only a single room. Besides, I think it is a bit troublesome to travel with friends because I will always feel safe, especially if I am going to somewhere dangerous. For instance, if I am travel sick and need to take medicine, someone can help me. In conclusion, I assured that my tour will be happier if I go with my friends. This brings nice memories and convenience to me. Therefore, I can enjoy my tour wonderfully.

The Role of Nelson Mandela and President De Klerk in Bringing about the

Apartheid, means "separateness", this was a social system enforced by white minority governments in twentieth-century upon those of ethnic minorities in South Africa. Under apartheid, the black majority was segregated, and was denied political and economic rights equal to those of whites, this had become a distressing daily routine for the Africans. Therefore in 1991 when De Klerk announced the end of Apartheid, this was a momentous moment for the whole of South Africa and an event, which shall be remembered, in black history forever. After over 50 years of apartheid policies the Africans were finally freed from confinements as the law accounted upon them as equals. However, the question as been raised, as to why did De Klerk put a sudden end Apartheid, and what had influenced his decision in doing so. Throughout this section of this coursework, I shall be analysing the circumstances of South Africa in order to confirm who was more important in bringing about the end of apartheid and minority rule, De Klerk or Nelson Mandela? Nelson Mandela and F.W de Klerk played a vital part in bringing about the end apartheid and minority rule in South Africa. However, their reasons for wanting the apartheid to end deviate significantly. Nelson Mandela was involved in the main resistance against apartheid, the African National Congress, or ANC for short. This large political group in South Africa was involved in many protests against apartheid since its formation in 1912. Mandela joined the Youth League of the ANC in 1944 but had doubts about his commitment to the party. In 1948 the Youth League elected a new ANC president in response to the... ...ndela played a more pivotal role in bringing about the end of apartheid due to his constant exertions and fights against it. However, Mandela cannot be completely commended for his efforts in the termination of the Apartheid. As although, Mandela fought against the apartheid for the best years of his life, on the other hand received no reactions from the Government to his efforts to remove the apartheid. Therefore indicating De Klerk played a crucial part in the anti-apartheid movement as he was president and had the power to end apartheid whilst Mandela didn?t. Overall, making the end of Apartheid a joint combination of both FW de Klerk?s efforts in the negotiations between the National party, although more so, Mandela?s and the ANC progress and constant dedication which helped to bring about the end of minority rule.

Impaired Asset

IMPAIRMENT OF ASSETS The following information relates to Q1 & Q2.Information about three assets are given below in the table:Aldo Balbo Casco Value in Use $150,000 $195,000 $105,000Carrying Amount $90,000 $140,000 $112,000Net Realizable Value $115,000 $136,000 $85,000 Q1. What are the recoverable amounts of each asset? (MCQ)Aldo ($115,000), Balbo ($136,000), Casco ($105,000)Aldo ($150,000), Balbo ($136,000), Casco ($105,000)Aldo ($150,000), Balbo ($195,000), Casco ($105,000)Aldo ($115,000), Balbo ($195,000), Casco ($85,000)(2 marks) Q2. What are the impairment losses on each asset? (MCQ)Aldo ($0), Balbo ($0), Casco ($0)Aldo ($0), Balbo ($55,000), Casco ($20,000)Aldo ($25,000), Balbo ($4,000), Casco ($7,000)Aldo ($0), Balbo ($0), Casco ($7,000)(2 marks) Q3. A cash-generating unit has the following assets:Building $600,000Plant & Machinery $100,000Goodwill $80,000Inventory $50,000Total $830,000One of the machines valued at $60,000 has been damaged & will be scrapped. The total recoverable amount estimated from the cash-generating unit is $470,000. What is the recoverable amount of the current assets after the impairment loss? (MCQ)$21,800$28,000$33,500$50,000 (2 marks) Q4. Which of the following correctly defines the recoverable amount of an asset? (MCQ)Current market value of the asset less cost of disposalHigher of fair value less cost of disposal & value in useHigher of carrying amount & fair valueLower of fair value less cost of disposal & value in use (2 marks) Q5. An asset has a carrying amount of $55,000 at the year-end 31st March 2002. Its market value is $47,000 having a disposal cost of $3,500. A new asset will cost $85,000. The company expects that the asset will generate $19,000/per annum of cash flows for the next three years. The cost of capital is 8%. What is the impairment loss to be recognized for the year end 31st March 2002? (FIB)3613151270000$ (2 marks) Q6. Which of the following are internal indications of impairment? (MRQ) A fall in the market value of a machine due to inflationThe management realized that an asset is unable to produce up to its full capacityA report prepared by the warehouse manager than one of the lifter cars has crashed into a wallThe development of intention of management to sell the asset during the next 3 months (2 marks) Q7. Moby had purchased an asset on 1st September 2009 at a cost of $500,000 with the useful life of ten years with no cash inflow at the time of disposal. The asset has been depreciated until 31st October 2014. At that date, an accident occurred which resulted in the damage of the asset & an impairment test was taken by Moby. On 31st October 2014, the fair value of the asset was $160,000 with $10,000 cost of disposal. The expected future cash flows were $13,000/annum for the next five years. The cost of capital is at 10% with five-year annuity factor of 3.79. Calculate the impairment on 31st October 2014? (MCQ)$0$100,000$150,970$200,730 (2 marks) Q8. A cash-generating unit has the following assets:Property & Plant $400,000Machinery $90,000Goodwill $75,000License $5,000Net Assets (realizable value) $30,000Total $600,000The company had breached a government legislation which results in its cash-generating unit value to fall by $200,000. What will be the value of Property & Plant after the impairment? (MCQ)$101,010$126,316$266,667$298,990 (2 marks) Q9. Which of the following is not an indicator of impairment? (MCQ)The NRV of inventory has reduced due to damages but carrying amount is still lowered it's than NRV Technological advancement has boomed in a country resulting old machinery becoming obsoleteCost of capital of a company has increased due to increase in market ratesThe carrying amount of an asset is higher of the recoverable amount of an asset (2 marks) Q10. A company purchased an asset on 1st January 2000 costing $2.1 million and its life was 10 years. On 31st December 2001, the fair value of the assets was $1.9 million. On 31st December 2002, the recoverable amount of the asset was $0.7 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2002? (FIB)3613151270000$ (2 marks) Q11. A cash-generating unit has the following assets:Building $409,050Plant ; Machinery $311,000Goodwill $30,500Inventory $156,000Total $906,550One of the plants valued at $91,000 was destroyed ; will be scrapped. The total recoverable amount estimated from the cash-generating unit is $760,050. What is the recoverable amount of the Plant ; Machinery after the impairment loss? (FIB)3613151270000$ (2 marks) Q12. Meagan had purchased an asset on 1st September 2015 at a cost of $300,000 with the useful life of six years with no residual value. The asset has been depreciated until 31st October 2020. At that date, the asset was damaged ; an impairment test was taken by Moby. On 31st October 2020, the fair value of the asset was $60,000 with a $3,000 cost of disposal. The expected future cash flows were $16,000/annum for the next five years. The cost of capital is at 13% with five-year annuity factor of 3.52. Calculate the impairment on 31st October 2020? (MCQ)$0$680$6,320$7,000(2 marks) Q13. A delivery van has a carrying amount of $39,000 at the year-end 31st March 2016. Its market value is $33,800 having a disposal cost of $1,250. A new delivery van will cost $46,500. The company expects that the van can generate $9,300/per year of cash flows for the next four years. The cost of capital is 5%. What is the impairment loss to be recognized for the year end 31st March 2016? (MCQ)$1,250$5,200$6,022$6,450(2 marks) Q14. ZZZ Co purchased a non-current asset on 1st January 2012 costing $3.75 million and its life was eight years. On 31st December 2013, the fair value of the non-current asset was $2.95 million. On 31st December 2014, the recoverable amount of the asset was $1.25 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2014 nearest to $000? (FIB)3613151270000$ 000 (2 marks) IMPAIRMENT OF ASSETS (ANSWERS) Q1. CRecoverable amount is the higher of the Value in Use or the Net Realizable Value. Q2. DImpairment loss = Carrying amount – Recoverable amount = Positive (+) Aldo = $90,000 – $150,000 = (-$60,000) No ImpairmentBalbo = $140,000 – $195,000 = (-$55,000) No ImpairmentCasco = $112,000 – $105,000 = $7,000 Impairment Q3. DAssets which have their own impairment criteria do not fall under the scope of IAS 32 -Impairment of asset. Inventory is impaired under IAS 2 – Inventory where it is calculated by choosing lower of Cost or Net Realizable Value. Q4. B Q5. $6,037Value in UseCash Flow Discount Factor 8% Present Value19,000 0.926 $17,59419,000 0.857 $16,28319,000 0.794 $15,086Total PV $48,963Fair Value less Cost to sell = $47,000 – $3,500 = $43,500Higher of = $48,963Impairment Loss = $55,000 – $48,963 = $6,037 Q6.A fall in the market value of a machine due to inflation (External indication)The management realized that an asset is unable to produce up to its full capacity (Internal indication)A report prepared by the warehouse manager than one of the lifter cars has crashed into a wall (Internal indication)The development of intention of management to sell the asset during the next 3 months (Internal indication) Q7. BCarrying Amount = (500,000 Ãâ€" 5/10) = 250,000Fair value less cost to sell = (160,000 – 10,000) = 150,000Value in use = (13,000 Ãâ€" 3.79) = 49,270Recoverable amount $150,000, Impairment = 250,000 – 150,000 = $100,000 Q8. DThe total impairment of CGU is $200,000The goodwill is impaired by $75,000 leaving $125,000 of impairment to be allocated to other assets.Total of assets to be impaired is $495,000 (400 + 90 +5)Impairment = (400,000 à · 495,000) Ãâ€" 125,000 = 101,010Fair Value after impairment = 400,000 – 101,010 = $298,990 Q9. AThe NRV of the inventory is still greater than its carrying amount so no impairment has arisen Q10. $742,500Calculation done in $000Cost = 2,100Depreciation = (2,100 Ãâ€" 2/10) = 420Carrying amount (After 2 years) = 2,100 – 420 = 1,680Revaluation of asset = 1,680 1,900 = 220 in Revaluation ReserveNew Cost = 1,900Depreciation = (1,900 Ãâ€" 1/8) = 237.5Carrying amount (After 1 year) = 1,900 – 237.5 = 1,662.5Impairment loss = 1,662.5 – 700 = 962.5Reversal of Revaluation Reserve = $220Excess recorded in Profit ; Loss account = 962.5 – 220 = $742,500 Q11. $211,257The total impairment of CGU is $146,500The goodwill is impaired by $30,500 leaving $116,000 of impairment to be allocated to other assets. The plant is impaired by $91,000 leaving $25,000 of impairmentTotal of assets to be impaired is $629,050 (409,050 + 311,000 – 91,000)Impairment = (220,000 à · 629,050) Ãâ€" 25,000 = 8,743Fair Value after impairment = 220,000 – 8,743 = $211,257 Q12. ACarrying Amount = (300,000 Ãâ€" 1/6) = 50,000Fair value less cost to sell = (60,000 – 3,000) = 57,000Value in use = (16,000 Ãâ€" 3.52) = 56,320Recoverable amount $57,000, Impairment = 50,000 – 57,000 = $0 Q13. CValue in UseCash Flow Annuity Factor 5% (1-4) Present Value9,300 3.546 $32,978Total PV $32,978Fair Value less Cost to sell = $33,800 – $1,250 = $32,550Higher of = $32,978Impairment Loss = $39,000 – $32,978 = $6,022 Q14. $1,071,000Calculation done in $000Cost = 3,750Depreciation = (3,750 Ãâ€" 2/8) = 937.5Carrying amount (After 2 years) = 3,750 – 937.5 = 2,812.5Revaluation of asset = 2,812.5 2,950 = 137.5 in Revaluation ReserveNew Cost = 2,950Depreciation = (2,950 Ãâ€" 1/6) = 491.67Carrying amount (After 1 year) = 2,950 – 491.67 = 2,458.33Impairment loss = 2,458.33 – 1,250 = 1,208.33Reversal of Revaluation Reserve = $137.5Excess recorded in Profit ; Loss account = 1,208.33 – 137.5 = $1,070,830Nearest to $000 = $1,071,000

The Effects Of Birth Defects On The Development Of The Fetus

Prenatal development is the process in which a human embryo or fetus gestates during pregnancy, from fertilization until birth (Prenatal Development). Most cases of unhealthy development can be avoided, however there are some genetic and environmental factors that cannot. Some genetic factors that affect the development of the fetus are Phenylketonuria, Sickle-cell Anemia, Tay-Sachs Disease, and Down Syndrome (Feldman 402). Some environmental teratogens that affect the development of the fetus are disease, toxic substances, the mothers age and well-being (Feldman 403). Teratogens are environmental agents such as drugs, chemicals, viruses, or other factors that produce a birth defect (Feldman 403). About 2-5% of all pregnancies that occur result in the fetus being born with a serious birth defect. A cause of birth defects can be linked to faulty genes and or chromosomes (Feldman 402). The following diseases are more common when resulting from genetic and or chromosomal adversity. Phenylketonuria, an inherited disease in which the fetus cannot produce the required enzymes for normal development, results in the accumulation of poisons that eventually cause intellectual disabilities (Feldman 402). This disease usually occurs in about 1 and 10,000 pregnancies, and because of how rare this disease is, it has a successful treatments when caught early enough right after birth (Phenylketonuria). This disease is caused by the PAH gene, the gene that is responsible for making theShow MoreRelatedA Brief Note On Drug Use On Infants1572 Words   |  7 Pagesillegal -- during pregnancy has a direct impact on the fetus† (Gaither 1). In simpler terms, drug use not only affects their own lives but also affects the lives of their unborn children. For the sake of enjoyment or recklessness, a woman is willing to put her unborn child at risk of birth defects or even death. Illegal drugs are a common thing that most people use. 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