Measurement, Vaulation, and Disclosure Long-Term Items

Question 0

Calculate pension FV

Answer 0

Beg FV
+ actual return on assets
+ employer contribution
- retirement benefits paid

Question 1

Calculate pension costs

Answer 1

Current service cost
\+ current service cost
\+ interest cost 
- actual return on plan assets 
\+ amort of prior service cost 
\+ amort of prior year net pension loss

Question 2

Calculate PBO

Answer 2

Beg PBO
+ current service cost
+ interest cost
- retirement benefits paid

Question 3

What is composite depreciation

Answer 3

SL depreciation used on a group of dissimilar assets

Question 4

Equation of units of production depreciation

Answer 4

Depreciable base x units used in period / estimated units over life

Question 5

Calculate the IFRS recoverable amount

Answer 5

Greater of FV - cost to sell or value in use