An entity provides an assurance-type warranty, and it is subject to warranty claims. A reliable estimate is that between $1 million and $3 million will probably be paid out. No estimate of loss within this range is more likely than any other. Under IFRS, the entity should:.

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage