【正文】 e cash flow in the each year is in the following table:Year Expected future cash flow Discount rate1￥6 million5%2￥ million3￥4 million4￥ million5￥ million　　Please analysis if the equipment has been impaired. If it is so, make necessary accounting entries. 　　費(fèi)希爾公司擁有某種設(shè)備的原值為3000萬元，已經(jīng)計(jì)提折舊800萬元以及減值準(zhǔn)備200萬元，該公司于2006年12月31日對甲設(shè)備進(jìn)行減值測試時(shí)發(fā)現(xiàn)，該類設(shè)備存在明顯的減值跡象。如果公司出售該設(shè)備，將獲得1800萬元的凈利潤；如果繼續(xù)使用，剩余的使用年限為5年，未來5年的現(xiàn)金流凈值如表中所示:年預(yù)計(jì)未來現(xiàn)金流折現(xiàn)率1￥600萬5%2￥550萬3￥400萬4￥320萬5￥180萬　　請問該資產(chǎn)是否發(fā)生減值？如果發(fā)生減值，計(jì)算其減值準(zhǔn)備，并作出會(huì)計(jì)處理。　　[答疑編號(hào)811060102]　　a）Is there any indication that an asset is impaired? Yes　　b）What is the recoverable amount of the equipment?　　Carrying value=20 million　　FV less costs to sell=18million　　PV of the expected future cash flows=600/（1+5%）+550/（1+5%）2+ 400/（1+5%）3+ 320/（1+5%）4 + 180/（1+5%）5 =　　The recoverable amount=.　　Provision for the impairment of the fixed assets =20million–=. 　　Dr：Impairment loss 1,800,000　　　　Cr：Provision for the impairment of asset 1,800,000第七講　負(fù)債 Liabilities　　授課內(nèi)容:　　本節(jié)內(nèi)容主要介紹與負(fù)債有關(guān)的常用術(shù)語和用英文進(jìn)行相應(yīng)的計(jì)算和會(huì)計(jì)處理。內(nèi)容主要涉及負(fù)債定義的特點(diǎn)，負(fù)債的分類和計(jì)量。并且以債券發(fā)行為例，使大家熟悉這一類型的題目和解答方法?！　?n. 負(fù)債　　Definition: a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.　　Present obligation 現(xiàn)在的義務(wù)　　Past events 由過去的交易或事項(xiàng)引起的　　Outflow from the entity of resources embodying economic benefits 經(jīng)濟(jì)利益的付出　　Probable （contingent liabilities或有負(fù)債） 可能的　　Measurable 可以計(jì)量的　　: current liabilities and noncurrent liabilities　　Current liabilities 流動(dòng)負(fù)債—accounts payable應(yīng)付賬款, current notes payable應(yīng)付票據(jù), dividends payable應(yīng)付股利, advance from customers預(yù)收賬款　　Noncurrent 長期負(fù)債—longterm loan長期借款, bonds payable 應(yīng)付債券　　 of liabilities:　　Current liabilities: at face value 以面值計(jì)量　　NonCurrent liabilities: at net present value （NPV） 凈現(xiàn)值　　 examples illustration　　Lecture examples1:　　On Jan. 5, X pany bought office furniture from Y pany for $15,000 on credit and agree to pay the amount by the end of June. X pany cannot pay its $15,000 account with Y pany on time. As an acmodation, on July 1, Y pany agree to accept X pany’s 3 months note with the face value of $15,000 at the rate of 5%. 　　Please do necessary accounting entries for X pany.　　[答疑編號(hào)811070101]　　January 5　Dr：Fixed assets—office furniture 15,000 固定資產(chǎn)　　　　　　　　　 Cr：Account payable　　　　　　　　15,000 應(yīng)付賬款　　July 1　　 Dr：Account payable—Y pany　　 15,000 應(yīng)付賬款　　　　　　　　　 Cr：Notes payable　　　　　　　　　15,000 應(yīng)付票據(jù)　　Interest: $15,000 5% =$750　　July 31/August 31/Sept. 30　　　　　　　 Dr：Interest expense　　750 利息支出　　　　　　　　　 Cr：Interest payable　750 應(yīng)付利息　　October 1　Dr：Notes payable　15,000 應(yīng)付票據(jù)　　　　　　　 Interest payable　2,250 應(yīng)付利息　　　　　　　　　 Cr：Bank deposit　17,250 銀行存款　　Lecture example 2:　　On March 1, Lucky Travel Agency Company received $5000 advance payment from ABC pany for its employee training tour. By the end of March, $3000 has been earned by Lucky Travel Agency Company y by provide tour guide service. Make the journal entry for Lucky Travel Company.　　[答疑編號(hào)811070102]　　March 1.　Dr：Cash　5,000 現(xiàn)金　　　　　　　　　Cr：Advance from customer　5,000 預(yù)付貨款　　March 31　Dr：Advance from customer　3,000 預(yù)付貨款　　　　　　　　　Cr：Service revenue　　　　3,000 主營業(yè)務(wù)收入　　Lecture example 3:　　The board of director of Thomason tele pany declared a annual dividend of $ per share on 10,000 shares of mon stock on Nov. 20. Cash dividends will be paid on Dec. 20. Make the journal entry for the pany. 　　[答疑編號(hào)811070103]　　Nov. 20　Dr：Cash dividends　　　　15,000 現(xiàn)金股利　　　　　　　　 Cr：Dividends payable　　 15,000 應(yīng)付股利　　Dec. 20　Dr：Dividends payable　　 15,000 應(yīng)付股利　　　　　　　　 Cr：Cash　　　　　　　　　15,000 現(xiàn)金　　 requirements for Debentures 債券的會(huì)計(jì)處理　　Bonds/Debentures　　bond n. 債券　national bond 國家公債　　debenture n. 債券　　Face value/par value 面值 　　Face rate/coupon rate 債券利率　　Market rate 市場利率　　Issuing of Bond　　Issued at the face value （par value） 平價(jià)發(fā)行　　at a premium above the face value 溢價(jià)發(fā)行（face rate market fate）　　at a discount on the face value 折價(jià)發(fā)行 （face rate market fate）　　Lecture example — Issue of bonds at Par Value 平價(jià)發(fā)行債券: 　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years and a 8% coupon rate of interest payable semiannually. （effective rate 4%, n=20）　　[答疑編號(hào)811070104]　　Dr：Cash　　　　　　　500,000　　　　Cr：Bonds payable 　　500,000　　Dr：Interest expense　20,000　　　　Cr：Cash　　　　　　　20,000 （每次支付利息時(shí)做此分錄）　　Dr：Bond　　　500,000　　　　Cr：Cash　　　500,000 （收回債券，返還票面金額）　　Lecture example — bond issued at a premium 溢價(jià)發(fā)行債券：　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years at a 8% coupon rate of interest payable semiannually. The market interest is 6% when the bonds issued. （effective rate 3%, n=20）　　[答疑編號(hào)811070105]　　Present value of principal repayment=277,000　　Present value of interest payments=294,540　　Present value of future cash flows=574,540　　Premium =574,540500,000=74,540　　Dr：Cash　　　　　　　　　　574,540　　　　Cr：Bonds （par value） 　　500,000　　　　　　Premium on bonds　　　　74,540　　Dr：Interest expense　　　　17,236　　　　Premium on bonds　　　　 2,764　　　　Cr：Cash　　　　　　　　　　20,000　　Dr：Interest expense　　　　17,153　　　　Premium on bonds　　　　 2,846　　　　Cr：Cash　　　　　　　　　　20,000　　Lecture example 2— bond issued at a discount 折價(jià)發(fā)行債券　　Lake pany issues bonds on Jan 1, 2007, with a face value of $500,000 to be paid in 10 years and a 8% coupon rate of interest payable semiannually. The market interest is 10% when the bonds issued. （effective rate 5%, n=20）　　[答疑編號(hào)811070106]　　Present value of principal repayment=188,500　　Present value of interest payments=249,240　　Present value of future cash flows = 473,740　　Discount =500,000－473,740=26,260　　Dr：Cash at bank　　　437,740　　　　Discount on bonds　26,260　　　　Cr：Bonds payable　　　500,000　　Dr：Interest expense　　21,887　　　　Cr：Discount