Summary
Summary MNE3701 ASSIGNMENT 5 SEMESTER 1 2023
- Institution
- University Of South Africa (Unisa)
MNE3701 ASSIGNMENT 5 SEMESTER 1 2023
[Show more]
Content preview
MNE 3701 ASSIGNMENT 5 SEMESTER 1 2023DISCLAIMER: SEMESTER 1 2023 Extreme care has been used to create this document, however the contents are provided any
representations or warranties, express or implied. This document is to be used “ as is ” without for comparison, research and reference
purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted AVOID
PALAGIARISIM . PUT IT IN YOUR
NAME & SURNAME
STUDENT NUMBER:
MODULE:
ASSIGNMENT NUMBER:
, QUESTION 1
1. Identify Your Assets
Knowing what assets you have, as well as their value, is key. Make a list of any and all (O'Sullivan &
Sheffrin, 2021):
• Office furniture
• Computers
• Equipment
• Special technology
• Company vehicles
• Fixtures
• Buildings you own
• Inventory
2. Assign Value to Them
Once you have a list of your assets, determine their value. This isn’t what you initially paid for them
because assets depreciate. To determine the market value of these physical assets, look for similar
products (about the same age) for sale in your area (O'Sullivan & Sheffrin, 2021). This isn’t an exact
science but will give you a ballpark figure of what they’re worth, which will be useful later if you
want to take out financing.
3. Record Your Business Assets
Now that you’ve assigned value to your assets, list them on your balance sheet. Most accounting
software will walk you through the process, or you can get help from a professional accountant.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sfisomaseko. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now