Ifrs Project Old Line Manufacturing Background Fixed Assets Are The Primary Asse

1, 2011. Excess funds during this period were invested at a return of 6%. Old Line also incurred a $1.0 million exchange rate loss on other borrowings during 2011.

Required

Analyze the accounting for each fixed asset class using US GAAP and IFRS. Assume the Company uses straight-line depreciation for all its fixed assets and takes a full year of depreciation in the year of the addition.

Based on your analysis, determine how to best maximize the amount of net fixed assets.

Prepare a formal report addressed to the CFO of Old Line formally articulating your computation, analysis and recommendations to Old Line.

 

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