Thursday, October 31, 2019
Explain the supervisors responsibilities for providing counsel to his Essay
Explain the supervisors responsibilities for providing counsel to his or her workers - Essay Example With the many cartels, the exposure to drugs is quite high and the program assists the employees that have fallen victim. A middle-sized law firm in Australia has introduced an employee assistance program that seeks to help workers with occupational stress. The organization has organized weekly picnics that seek to relief employees of work related stress. A small marketing company has introduced a health care employee assistance program where it caters for all the health expenses that an employee may have. Going through these employee assistance programs one gets to recognize that the larger the size of the company, the more complex the program involved is (Mannion, 2014). The program integrated in the small marketing company is not similar or as sophisticated as the one used in the multinational telecommunication organization. As the supervisor of this law firm, I recommend that you join the program where you get to enjoy picnics with other members of the organization and even with family members. I advise this because I find it necessary to relief stress at times. Handling clients is a very tasking responsibility and to earn the trust of a client it is vital to be sharp. Picnics will assist you feel rejuvenated and you will have better lawyer-client
Tuesday, October 29, 2019
The Oregon Trail Essay Example for Free
The Oregon Trail Essay The West as an Ideal            During the 19th century, people migrated from Missouri to Oregon or to the Pacific Northwest of what is now known as the United States of America. Originally, the route covering Missouri all the way to Oregon was determined in order to provide a more convenient route for the fur trade, especially for establishing an overland supply route post right at the edge of the Columbia River.            The Oregon Trail, stretching at about 2,170 miles, essentially commenced through a rough system of rutted traces spanning the breadth of land from the Mississippi River that was utilized by roughly 400,000 individuals. In more recent times, the Oregon Trail has been known as symbolic of the differences which separate American Indians from the whites who settled in the land. Back in 1840, only three states were recognized to exist at the western side of the Mississippi River inasmuch as Canadas boundary with Maine remained undefined during those days.            The Nations boundary in the west was approximately situated in the Continental Divide, and within a decade Great Britain and the United States have created a boundary that spanned from the Pacific up to the Atlantic. After four decades, masses and masses of emigrants entirely diminished the concept of frontier which radically altered the lifestyle of the American Indians. It also threatened and ravaged numerous species of wild animals along the way, not to mention the buffalo herds. While barbed wires as well a plows dominated the prairies, long stretches of distances were eventually cut shorter by the transcontinental railroads.            During 1837 and 1841, both businessmen and farmers have grown frustration over the economic depressions which affected and sunk their livelihood. As the fur trade became increasingly troubled after the trade collapsed back in 1839, thoughts of the British dominating the Northwest Territory heightened. During those times, the American Indians in Oregon were seen by eastern churches as potential candidates for the thoughts of European civilization. Heading for Oregon as missionaries in 1836, Henry and Eliza Spalding as well as Marcus Whitman and his new wife gave an increasing publicity for Oregon in terms of its advantages and promising opportunities through the letters which they wrote and sent home.            Eventually, more and more people became increasingly interested in Oregon for a wide variety of reasons. In 1841, the very first group of people began to leave the Missouri River banks and proceeded west with the serious intention of emigrating. Almost two years after, almost a thousand emigrants completed the travel which signaled the many others who followed in the years to come. Hardships Faced            Like any other long distance journey, those who traversed the Oregon Trail would have to face challenges and hardships along the course of their path. Every part of the trail uniquely had its difficulties to be dealt with by the travelers. For the most part, the emigrants would have to face the challenge of loading and unloading their livestock so as to maintain the durability of their wagons. This they would have to do countless times until the trail is over. More importantly, the emigrants would have to spend some time fetching water and food for the animals they brought along with them. Otherwise, the animals would starve and probably die long before they reach the destination which will also affect the food supply determined by livestock and other animals.            Moreover, the emigrants would also have to adjust in terms of the way they deal with their fellow emigrants in order to maintain harmony throughout the journey and prevent disorder. They would have to determine and set rules that they have to abide along the journey as well as to arrange and break camp each morning and evening. They would have to take turns in terms of positioning in several columns so that lesser dust is raised and a minimal number of the travelers will choke from the air created.            Knowing that the most difficult part of the journey would be near the journeys end where crossing mountains prior to winter snows was a necessary imperative. Hence, the emigrants would have to set the journey and their pace in such a way that the time they travel will be during the time when grass was present almost everywhere along the trail so that the animals they brought would have sufficient food to feed on.            Health hazards to the emigrants were a large hindrance during the journey. Cholera was one of the feared ailments that the emigrants would have to face, caused perhaps by the contaminated water they might have used. Since the 19th century was the time when medical advancements were yet to be discovered, cholera remained one of the most dangerous health hazards the emigrants feared. Small pox also claimed a number of the lives of those who journeyed the Oregon Trail.            In financial terms, the emigrants would have to be financially ready to shoulder the tolls situated at ferries as well as bridges, including the prices for food and other supplies bought along the trading posts or from other travelling emigrants. The payments required for repairing the wagons and other vital tools also shared a considerable fraction of the emigrants finances during the travel.            Moreover, the prices for the food and water relatively vary than in contrast to ordinary circumstances. Since the supply for water is scarce and the demand considerably high during the journey, emigrants would have no choice but to purchase water at costs they are able to pay for, whether low or high, just to survive the travel. Perhaps the only times when the emigrants are able to purchase water at lower prices are whenever they reach a small town and whenever they found a source of potable water along the way. Reasons for Leaving            Thousands have already traveled across the trail and settled in Oregon by 1846. But why were these individuals willing to leave their homes and land, travel across thousands of miles with barely minimal food to eat and water to drink to a place where they have not been to yet? The answer to this question can be answered in three simple terms: these people were drawn towards the west because of the cheaper value of land where they can purchase and own more, the sense of patriotism, or perhaps the attractive promise of a more fulfilling life in Oregon.            Because Oregon was a region where very few people lived, the value of land was comparatively cheaper than in places were civilization is on the rise. People would take the journey just acquire more areas of land and start life anew. It was one of the risks they were willing to take all for the name of acquiring a better life and securing as well as sustaining the wealth of their families. As the civilization in Oregon sprawled and as transcontinental railroads were established, travelling became easier as the time covered for traveling was dramatically reduced. Access to Oregon became easier and the value of land eventually increased. The need to travel to Oregon because of cheaper land eventually diminished.            The relatively lower price of land back in the days essentially corresponded to a better life for the emigrants. Since Oregon was a newly formed state, acquiring land in the area was almost equivalent to acquiring a better life as compared to their former settlements. Given a larger land area to manipulate, emigrants who settled in Oregon and who were able to acquire land were given the opportunity to raise a higher number of livestock and other animals and cultivate a larger piece of land.            The promise of a more fulfilling life in Oregon manifested itself in terms of the higher chance to raise animals and cultivate the land with plants which resulted to an increase in ownership and income. Trade and commerce in Oregon reached heights and settlers found themselves amidst an area fertile for purposes of trade and commerce. Eventually, news of this spread and people became more and more interested in leaving their homes and transferring to Oregon. What Awaited the Emigrants?            Although there was no assurance of whatever it is that awaited the emigrants at the end of the journey, it became increasingly known that flocks of individuals were heading towards the west. This fever created a deeper sense of awe and increased the longing of individuals to obtain a better life even at a distant land more than 2,000 miles away. As the number of emigrants grew larger, people began to think of things becoming better that awaited them at the end of the trail.            In effect, Oregon grew in many different ways. The population count boomed in less than a couple of decades more than the normal annual rate. As settlers continuously increased and poured into Oregon, the small towns in the new state were nearing the verge of transforming into cities. Log cabins were slowly replaced by frame houses as the land became more and more civilized in the years that went by. The great migration, in the end, only heightened the urge of the people to travel far and wide towards Oregon.            As Oregon grew at a rapid pace, news easily spread across neighboring areas giving the new state an increasing sense of popularity and presence in the minds of individuals. In the coming years, what awaited the emigrants has become less and less of what they expected. For the most part of the years to follow, new emigrants who settled in Oregon found themselves in the midst of a growing population where finding a place to settle in the heart of civilization in the new state was becoming scarce almost every year. The prospect of finding a place to stay at the center of commerce was diminishing.            Nevertheless, it has been rare for settlers in the new state to return to their original homes once they were able to find a suitable place to stay in Oregon. With a few exceptions such as the case of Ezra Meeker, the settlers have very little reason to retrace the Oregon Trail and return home. The harsh conditions they may have encountered along the journey and the things they have fulfilled in Oregon might have discouraged them to gamble on traveling back to where they originated.            In essence, the Oregon Trail used to be one of the most treacherous yet mostly taken the path by people gathering near the mouth of the Mississippi River. The prospect of a better life mostly fueled this desire to leave home and travel thousands of miles amidst hardships and hazards to their health and property. The reasons for leaving mostly centered on the promise of acquiring cheaper land where they can begin their lives anew and attain prosperity. References Fanselow, J. (2001). Traveling the Oregon Trail (Second ed.). Guilford, Connecticut: Falcon. Faragher, J. M. (2001). The Oregon Trail: A review. The Journal of American History, 88(2), 15. Parkman, F. (2002). The Oregon Trail (Dover Value ed.). Toronto, Canada: Dover Publications. Roberts, J. M. (1954). A Review On the Oregon Trail: Robert Stuarts Journey of Discovery by Kenneth A. Spaulding. American Anthropologist: New Series, 56(6), 2. Willingham, W. F. (1994). Review: Interpreting the Oregon Trail: Three New Perspectives. The Public Historian, 16(1), 3.
Sunday, October 27, 2019
History of Volleyball
History of Volleyball Dan Gould Mr. Woodmansee William G. Morgan’s â€Å"Mintonette†and it’s evolution to the popular international sport, has changed in many different ways to become the more modern day sport called, â€Å"Volleyball†. Volleyball was founded in 1895, by a man named, William G. Morgan, in Holyoke, Massachusetts. It was originally called â€Å"Mintonette†, and was meant to be a combination of Basketball, Baseball, and Handball. Also, it was designed to be a non-contact sport so that no one got hurt. There was no limit to the number of players on a team, nor was there a limit to the number of contacts on each side. The first official volleyball match was played on July 7th, 1896 at Springfield College, MA. People loved the sport, so right away it was spread across the country, and was played in most YMCA’s. The first dimensions of volleyball were very simple. The initial rules by William G. Morgan required a net which was six feet and six inches high (which was the size of an average person back then). The court, also made up by William G. Morgan, was 25 feet by 50 feet in size. Another rule was that you could have as many players as you wanted on each side. The official weight of the volleyball was no less than nine ounces, but no more than twelve ounces (it was made out of the bladder from a Basketball). Over time, most of these dimensions were changed to make the more appropriate sport called, â€Å"Volleyball†. There were several original playing rules designed for volleyball. One of the first rules was that the game consisted of nine innings. Depending on the number of players on each team, the team would have one serve per player. After each team members serve was over, the inning would be over. The player serving continued to serve until he missed the serve or his team failed to return the ball to the other side of the net. You could only score when your team had the serve. Another rule was, if the ball hit the net, it was called a net ball, and counted as a point for the opposing team. If the ball was served into the net, it would be called a dead ball, and would count as a trial. The next rule was if a player touched the net, it would be called a net, and would result in a point for the other team. If you caught or held the ball for a couple of seconds, it would be called a carry, and would also result in a point for the other team. In 1896, (a year after the founding of Mintonette) a man by the name of Dr. Alfred T. Halstead approached William G. Morgan at the first exhibition game. He told him that a better, or a more appropriate name for the sport should be â€Å"Volley Ball†. William liked the idea, and the name stuck. In 1952, the name was officially changed, by combining the words â€Å"Volley†, and â€Å"Ball†, and making its new name, â€Å"Volleyball†. To this day the sport still has the same name. Over the years, volleyball has changed tremendously. As you know, nothing stays the same anymore. Well anyways, the court size was changed to 60 feet by 30 feet. The net was also changed too, but this time, there was a size for a women’s net and a men’s net. The women’s net was seven feet and four inches, while the men’s net was seven feet and eleven inches. Also, the rule about having as many players on the court was changed to; six players per side (no more or no less). The ball’s official size stayed with the same criteria, but mainly, it was about ten ounces. These dimensions will stay the same for a while, but some may be tweaked up a bit as the years go by. As I said, â€Å"nothing can be perfect; there is always room for a change†. Just as they did for the dimensions, they also revised some playing rules. They got rid of the nine innings, and instead, they changed it to; three out of five, games to fifteen. Also, you could still only score on your serve, but you had as many serves as you wanted. Another rule was that you could no longer hit the ball as many times as you wanted. Instead, you only could have three contacts per side, and a player could only contact the ball once, or it would result in a violation called the â€Å"two hits violation†. The last rule added was the under the net rule; if a player stepped over the line in the middle, (dividing the two teams) then it would result as a violation, and a point would be awarded to the opposing team. As volleyball began to spread around the world, there was a strong love for the sport, and some people wanted to bring the sport to the beach. Beach volleyball was founded in the 1920’s in Santa Monica, CA. It was at first played as just a recreational sport, where people could play for fun. It was played only with two people on the court, and the rules were slightly different than indoor volleyball. It became a competitive sport in California in 1947. In the sport you had to communicate and move very swiftly in order to do well. It was a great activity to play at the beach, and many people thought it was one of the coolest sports ever to be invented. Still it was practically the same sport as indoor volleyball; the only difference was that it was played on sand, and not on solid ground. Now for the dimensions of Beach Volleyball (which are completely different than indoor volleyball). The court is approximately 26 ¼ feet by 52 ½ feet long. The net on the other hand, is the same criteria as indoor volleyball, except both men and women’s nets are lowered by an inch, due to the uneven sand. Which means a women’s net would be seven feet and three inches, and the men’s would be seven feet and ten inches high. Also, the outdoor volleyball is about an inch wider than an indoor ball, but it is lighter by about two ounces (which makes it easier for the ball to come up by the players). One completely different dimension from indoor volleyball is; (not counting the court), there needs to be at least three and one fourth feet for playing space. In beach volleyball the games were still the same as indoor; Three out of five, and games to fifteen. Also in beach, you could still only score when your team had the serve, which was called â€Å"side out volleyball†. Another rule was that you could not set the ball over the net, unless if you were square to where the ball was going to land. As for the under the net call, in beach, it was only called if you went under the net and interfered with another player (in other words, you got in the players way). Some of these rules, just like indoor, still will be changing to this day. In 1942, volleyball was introduced into the Olympics, but only as an exhibition sport. It immediately was loved by all the fans, and many different countries started to develop their own teams. Finally, in the 1964 Tokyo Olympic Games, volleyball became an official sport in the Olympics. It was sponsored strongly by the International Olympic Committee (IOC). Beach volleyball would later on join the Olympics as well. Soon, beach volleyball took on a life of its own. In 1992, it was introduced into the Olympics as an exhibition sport. Also, just like indoor volleyball, the fans loved it, and many other countries developed teams as well too. Right away, in the 1996 Atlanta Olympic Games, beach volleyball became an official Olympic sport. Also, to this day, beach volleyball is thought to be the hottest ticket in the Olympics. Over the years, there have been many volleyball/beach volleyball leagues. Most of them have recently started over this century. Some examples are; AVP, FIVBA, USVBA, Junior Olympics, and AAU. These leagues are mostly for professionals. Like AVP, which is basically the NBA for basketball players, but instead for beach volleyball players. Also, the USVBA stands for United States Volleyball Association, which is basically our U.S. Olympic indoor volleyball team. Over the years so many of the rules have changed, and actually, today, they are still being changed. One major change was the introduction of the libero. It was introduced in 1998. A libero is a player that wears a different color shirt than the rest of the team, and they are basically defensive specialists. At any time during the game, if anyone needed to be taken out of the back row, they could be switched with the libero, but it would not count as a substitution. The only twist was that the libero was not allowed to play in the front row. One other rule that was switched was the side out rule, the rule was changed so that you don’t have to win the point on your serve, but you could also get a point on the opposing teams serve. Lastly, the games were changed to three out of five, games to twenty-five. In beach volleyball, the games were also three out of five, but the games were to twenty-one. In worldwide popularity, volleyball is the second most popular sport in the world, the first being soccer. With about 46 million Americans that play, and over 800 million people that play around the world, it is obvious that volleyball touches lives. Volleyball has definitely grown to be the best team sport there will ever be. The reason for this is because there cannot just be one star player on the team but, there has to be at least three contacts from at least two different players. References Crisfield, Deborah, and John J. Monteleone. Winning Volleyball for Girls. New York: Chelsea House, 2010. Print. Dearing, Joel B. The Untold Story of William G. Morgan Inventor of Volleyball. N.p.: n.p., n.d. Print. February 9th: William G. Morgan Invents a Game Called Mintonette That Is Better Known Today as Volleyball. Today I Found Out RSS. N.p., n.d. Web. 30 Oct. 2013. . Ghare, Madhavi. Volleyball: History, Court and Equipment. Buzzle.com. Buzzle.com, 17 Dec. 2007. Web. 30 Oct. 2013. . History Behind Volleyball Discovering Volleyball in 1950-80. History Behind Volleyball. N.p., n.d. Web. 30 Oct. 2013. . Kenny, Bonnie, and Cindy Gregory. Volleyball: Steps to Success. Champaign, IL: Human Kinetics, 2006. Print Volleyball History 101. About.com Volleyball. N.p., n.d. Web. 06 Nov. 2013. . Volleyball Rules 1897. Volleyball Rules 1897. N.p., n.d. Web. 30 Oct. 2013. . VOLLEYBALL COURT DIMENSIONS. VOLLEYBALL COURT DIMENSIONS. N.p., n.d. Web. 30 Oct. 2013. .
Friday, October 25, 2019
Educational Goals and Philosophy :: School Teaching Learning Essays
Educational Goals and Philosophy I feel that education is the most important thing in a child’s life. From Kindergarten through high school, nothing has the impact like schooling. Whether it be their friends or enemies or teachers and principals, everything about it, both good and bad, will determine who that person will be. That is why I want to be a teacher. Many students, particularly high school students, lack a positive role model. Most teachers are either completely out of touch with students or live a lifestyle that the students should not emulate. I am close enough in age to be â€Å"in touch†with the students I am teaching, and I would be a positive role model. Over time, my ability to connect with the students will likely diminish, but maintaining it as much as possible will be my goal. Another reason I decided to enter the profession is due to the subject I will be teaching, social studies. The core subjects in social studies, history, psychology, and civics, are often taught improperly or not taught at all, by which I mean the teacher serves as more of a baby-sitter than a teacher. Teachers in the subjects who do bother to teach it often do it in a strictly lecture style with little if any classroom participation. In history this is understandable, although there can be some participation. In my opinion, the reason for the lack of knowledge in civics and psychology can be explained by the fact that students are only supposed to digest the information rather than participate in a mock government in civics or open discussions in psychology. I think it is important that a teacher incorporate as many teaching styles as possible. One thing that my classroom will have that most classrooms do not is visuals and technology. It is more difficult for students to forget something if they have a concrete memory of it rather than just what the teacher said. I will take advantage of many promotional offers from networks such as C-SPAN that offer educational items for discounted prices or even free to educators.
Thursday, October 24, 2019
Modernization Shakespeare
There have been, throughout time, countless new versions of William? s Shakespeare â€Å"Romeo and Juliet†: Nevertheless, Baz Lurhmann directed a very modern version of this famous play, replacing daggers by guns and horses by cars, and even more. The main reason and advantage of the modernization of certain scenes is to lead to a clearer meaning and a better understanding of the story. First, the director emphasized the situation or the feelings of the characters by using modern means such as fireworks for an intense party or guns or fire for hate.This is even more clearly shown in the elevator scene, where Romeo and Juliet go hide to kiss, the elevator symbolizing the fact that they want to be away from the others and forget about the world. Also, the costumes during the party give us a clearer idea of the characters? personalities and roles: Juliet, as an angel, is represented as innocent, virgin and pure; Romeo as a masked knight is hiding from the Capulets and is Juliet? s savior; Tybalt, disguised as a devil, is evil and full of anger, and finally, the prince is represented as a policeman throughout the whole movie, in order to emphasize his authority.Another modern way to express more clearly the character? s feelings, apart from Shakespeare? s dialogs, are the songs, which set rapidly the atmosphere of the scenes, because of its music, and its explicit lyrics. For example, the song â€Å"Kissing you†sets a romantic atmosphere. On the other side, some of the modernization takes away from the play, and I think Baz Lurhmann used to much vulgarism in his movie, which can make it look sometimes ridiculous and exaggerated, and made the spectator feel a little disappointed.For example, the presence of drugs, and shocking costumes or dances, such as Mercutio? disguise and performance during the party, was not necessary for the understanding of the story. Also, Friar Laurence doesn? t seem as wise or pious as in the play when he is sleeping in the middle of his plants, with a flowery shirt. Finally, the fact that Juliet shot herself in the head at the ending scene seems like a more violent, bloody and hard way to die than by the dagger in the play, which is a more â€Å" romantic†way to die. As a conclusion, the modernization of William? s Shakespeare play brings a lot to the story, but also takes away some of its original romanticism, which is replaced by vulgarity.
Wednesday, October 23, 2019
Impairment Quiz Questions Essay
1.When should an entity conduct an impairment test? (2 Marks) Assets that are consider to have uncertain carrying amounts must be tested every year for impairment. Goodwill acquired in a business combination Intangible assets with an indefinite useful life Intangibles not yet ready for use Impairment testing of all other assets is required only if there is an indication that they might be impaired due to events such as the economic and legal environment and market values etc. 2.How is an impairment test undertaken? (2 Marks) The test involves comparing the carrying amount of an assets or CGU with its recoverable amount. The recoverable amount is the higher of fair value less cost to sell and it value in use. 3.What is ‘value in use’? (1 Mark) Value in use is the present value of future cash flows expected to be derived from an asset or a CGU. 4.How is value in use for a cash generating unit calculated? (2 Marks) It is a professional estimate based on past cash inflows and expected future cash inflows. 5.What is an impairment loss? (1 Mark) The loss of future economic benefit as the amount in the balance sheet for the asset or CGU exceeds it recoverable amount. 6.What is a cash-generating unit? (1 Mark) A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows of other assets or groups of assets. CGU assets usually cannot be tested individually. 7.How are corporate assets tested for impairment? (2 Marks) As they do not independently generate cash flows they are allocated to CGU on a reasonable or consistent basis. The portion of corporate assets is then tested along with the assets of the CGU to which it has been allotted. 8.Supersatumas grows citrus fruit on a number of orchards in the Perth Hills. This fruit is then processed into fruit juice and other products at their cannery. These products are then sold to the public via their chain of Jucymarket stores. How many cash generating units would the company have? Why? (2 Marks) 3 if there is an active market for the output of each stage. The stages being the fruit of the orchards, the processed products in their cannery and the juice sold in their stores. This is true even if all or part of the output produced is used internally. 9.In allocating an impairment loss for a cash generating unit which of the following assets would not be given a portion of the loss – land; machinery; inventory; manufacturing licence; receivables? Why? (1 Mark) Inventory and accounts receivable. AASB 136 para 2 states that this standard does not apply to them as they are already covered (impaired) by other standards such as allowance for doubtful debts. 10.In allocating an impairment loss for a CGU the carrying amount of any individual asset must not be reduced below what figure? (1 Mark) The highest of it fair-value less cost to sell and its value in use or below zero. 11.If a portion of an impairment loss for a CGU cannot be allocated to one of the unit’s assets because it will breach AASB 136 paragraph 105 what happens to that portion? (1 Mark) It is allocated pro-rata to the other assets of that unit (group of units) that can be impaired further. 12.Timbertown Ltd processes pine trees grown on its own plantations in its timber mills. The milled timber is then made into outdoor furniture for sale to the public. Is it possible for Timbertown Ltd to have more than CGU? (2 Marks) Yes. If there is an active market for the output of each stage. This is true even if all or part of the output produced is used internally. 13.Gumtree Ltd has determined that its picnic ware division is a CGU. The carrying amounts of the net assets of the division at 30 June 2013 are: Factory (net)$310 000 Land200 000 Equipment (net)120 000 Inventory75 000 Receivables32 000 Accounts Payable(17 000) Do not impair liabilities Gumtree Ltd has calculated the value in use of the division to be $680 000. Required Determine if an impairment loss exists for the picnic ware division. Show all workings. (1 Mark) 310000 + 2000000 + 120000 + 75000 + 32000 = 737000 Carrying amount assets 680 000 Value in use Impairment loss = 57000 14.Silkyoak Ltd has determined that its nursery division is a CGU. The carrying amounts of the net assets of the division at 30 June 2013 are: Land80 000 Propagating Sheds48 000 Sales Office 25 000 Equipment (net)56 000 Inventory35 000 Receivables19 000 Accounts Payable(26 000) Mortgage Loan(50 000) Silky Oak Ltd has calculated the value in use of the division to be $327 000. Required Determine if an impairment loss exists for the nursery division. Show all workings. (1 Mark) 80, 000 + 48000 + 25000 + 56000 + 35000 + 19000 = 236000 Carrying amount 327000 Value in use NO Impairment loss 15.Hovea Ltd has determined that its transport division has suffered an impairment loss of $52 000 for the year ended 30 June 2013. At that date the carrying amount of the division’s assets were $ Receivables 31 000 Inventory 18 000 Land150 000 Trucks (net)250 000 Servicing Unit 50 000 Cannot allocate to receivables and inventory Required Allocate the loss across the assets of the CGU in accordance with AASB 136, paragraph 104. Show all workings. (3 Marks) You can drop to 150 à · 450 CA Allocation New CA Land 150000 (150000 à · 450000) 17333 132667 Truck 250000 (250000 à · 450000) 28889 221111 Service Unit 50000 (50000 à · 450000) 5778 44222 450000 Round to nearest dollar from 0.50 16.Tuart Ltd has determined that its retail division has suffered an impairment loss of $37 000 for the year ended 30 June 2013. At that date the carrying amount of the division’s assets were $ Inventory 92 000 Shop Fittings (net) 40 000 Land100 000 Buildings180 000 Additionally, the company has corporate assets worth $150 000, one third of which have been allocated to the retail division. Required Allocate the loss across the assets of the CGU in accordance with AASB 136, paragraph 104. Show all workings (3 Marks) CA Allocation New CA Shop fittings 40000 (40000 à · 370000) 4000 36000 Land 100000 (100000 à · 370000) 10000 90000 Building 180000 (180000 à · 370000) 18000 162000 Corporate O/H 50000 (50000 à · 370000) 370000 17.Peppermint Ltd has determined that its orchard division has suffered an impairment loss of $42 000 for the year ended 30 June 2013. At that date the carrying amount of the division’s assets were $ Inventory 21 000 Land200 000 Fruit Trees114 000 Reticulation Systems 36 000 Goodwill 60 000 Required Allocate the loss across the assets of the CGU in accordance with AASB 136, paragraph 104 and prepare the journal entry to record the loss. Show all workings. (2 Marks) Goodwill 60000 – 42000 = 18000 remaining goodwill 2013 30 June Impairment loss 42000 Accumulated impairment losses – goodwill 42000 18.Can an impairment loss, once recorded, be reversed? (2 Marks) Yes an impairment loss recognised in previous period that no longer exists can be reversed in the current year. However an impairment of goodwill cannot be reversed.
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