To Kill a Mockingbird by Harper Lee Essay Example for Free

To Kill a Mockingbird by Harper Lee Essay The tale that has motivated me the most is To Kill a Mockingbird by Harper Lee. I previously read the book when I was thirteen years of age. From that point forward, I have rehash the novel in any event two times every year. There are numerous highlights of the novel that has contacted me in a significant manner. In any case, there is one angle that recognizes this book as my total most loved and as the novel that enthuses me: its portrayal of mental fortitude. The decent component that the novel contains that most motivates me is its genuinely exceptional depiction of boldness. The primary character, a legal counselor named Atticus Finch, expresses that, â€Å"[Real mental fortitude is] when you know youre licked before you start however you start at any rate and you see it through regardless. You once in a while win, yet in some cases you do.† at the end of the day, genuine boldness is attempting to make the wisest decision regardless of whether you realize you are in all likelihood going to lose. In fact, Atticus does only that. In a town situated in the Deep South during the 1930s that is exceptionally biased against African Americans, Atticus safeguards a guiltless person of color blamed for assault by a white man and his little girl. In the months paving the way to the preliminary, Atticus and his family, explicitly his youngsters, experience disdain from the townspeople. Atticus himself understands that, â€Å"[he] won’t win.† Despite this, Atticus goes ahead, in any case, he loses the case. Inspiringly, despite the fact that Atticus realized he would not win the situation, he attempted at any rate since he realized it was the correct activity. As a result of its matchless depiction of mental fortitude, To Kill a Mockingbird is the book that rouses me most. I can dare to dream when I am confronted with a moral difficulty that will influence my family and me adversely, that I will have the mental fortitude to do what I know to be ethically right.

Writing a Research Paper on Cloud Storage for Education

Composing a Research Paper on Cloud Storage for Education Composing a Research Paper on Cloud Storage for Education For as far back as quite a long while, distributed computing has been one of the most regularly heard terms. These days we as a whole comprehend the essential idea of the issue: distributed storage gives the utilization a chance to profit of secure, safe and practically boundless methods for putting away advanced material on the web, without the need to rely upon individual server farms and individual equipment. Be that as it may, in what manner can a distributed computing become a piece of a scholarly research paper? As an alternative, make a point to put together your task with respect to the upsides of the distributed storage for instruction. Moment Access from Anywhere. Disregard all the â€Å"my neighbor’s hound ate my paper† pardons! Starting now and into the foreseeable future you can get to your photograph ventures, papers, introduction from your own cell phone or PC. Go Mobile! It’s time to leave your PC at home in light of the fact that it’s time for your cell phone to sparkle! All you need is your Smartphone to get a brisk access to all the information, just as offer your records in a hurry. Simply make sure to pick the gadget you may need and afterward †get to all photographs, records, music, etc through the Cloud. Simple File Share. On the off chance that you have to immediately impart a few documents to your cohorts or educators, make a point to utilize the Cloud. Also, the thing gives you a chance to alter and send the documents back while the two drafts will be spared to the mutual envelope. Remain in Sync. Due to the multi-client sync, you can without much of a stretch sync a similar envelope with your schoolmates locally. In this way, all the includes, changes and alters made to that envelope will be refreshed on each PC naturally. Disregard the messaging to and fro and appreciate the most refreshed variant of each record every minute of every day! Reinforcement. Try not to consider PC pulverizes, accidently dropped workstations, and so on. Having the Cloud there with you will be 100% certain that all information will be consequently supported up. Aside from a lot of advantages for the school and college understudies, the Cloud brings a ton of advantages for the instructors too. Make a point to explore this side of the issue in your exploration paper. Benefit of the iPad During the Lesson. It’s not a mystery that school and college teachers utilize different tablets and devices so as to make the exercises all the more intriguing with different recordings, introductions and music documents. Moment gushing without the hold up will push them to effortlessly pull stream recordings and introductions. Work together in the Classroom. The Cloud gives the educators a chance to impart all documents to each understudy in the gathering or with the entire class. Hence, understudies can work together on group papers. Moment Access to the Data. Educators have a moment access to the scholarly data from their work PC, tablet, which implies the entire procedure of information association as simple as pie. Use for Personal/Work Use. Cloud allows you to make uncommon envelopes for both †individual and work use. This makes the association and dissemination of information and archives less difficult. In the event that you need a uniquely composed paper from our examination paper administration simply visit our site and dispatch in the request structure!

Marginalization of Women During the Cold War Essay -- gender roles, Co

At the tallness of the Cold War in 1959, Vice President Richard M. Nixon visited the Soviet Union to talk about political belief system with Soviet head Nikita Khrushchev. In what was named the â€Å"kitchen debate,† Nixon gave Khrushchev an American â€Å"model home† that featured the benefits of private enterprise to a worldwide crowd. However, as the government officials entered the Americanized kitchen, Nixon made a stride further. Rather than maintaining the emphasis on monetary frameworks, the Vice President turned the talk to the two nations’ development of sexual orientation jobs. While taking a gander at an American dishwasher, Nixon stated, â€Å"This is our most up to date model†¦In America, we like to make life simpler for women†¦ I feel that this disposition towards ladies is general. What we need to do, is make life all the more simple for our housewives† (teachingamericanhistory.org). While the openness of purchaser items that diminished work for homemakers was an accomplishment of American free enterprise, Nixon’s remarks advanced another American vision of the family. The conventional family in Cold War culture, which highlighted men as providers and ladies as homemakers, was presently a significant segment of the American Dream. By alluding to ladies as â€Å"housewives,† Nixon adequately fortified the unavoidable estimation that ladies couldn't just be homemakers in a monetarily prosperous entrepreneur society, however that it was likewise expected of them. As these desires turned out to be completely engrained into the standard, sexual orientation jobs turned out to be progressively unbending, which disheartened numerous ladies from thinking about expert professions, not to mention seek after them. As the Cold War period incited Americans to discover asylum in the customary family, ladies were required to work inside the system of the home and i n resul... ...spoken to a departure from the vulnerability of things to come. Be that as it may, with the ascent of another conventional family in America, complete with severe and separate sexual orientation jobs, ladies were denied openings in the work environment and compelled to grasp the errand of homemaker. While Nixon contended in the â€Å"kitchen debate† that American quality laid on each member’s capacity to rise and fall, the minimization of lady in Cold War culture magnificently features the separation between political optimism and reality. Works Cited Books May, Elaine Tyler. Toward home Bound. Friedan, Betty. The Feminine Mystique. Films The Home Economics Story. Online Resources â€Å"The Kitchen Debate.† Articles Stevenson, Adlai E. â€Å"A Purpose for Modern Woman.† Chambers, Whittaker. â€Å"Witness.†

Critique of Free Market Economy - 2750 Words

Critique of Free Market Economy (Research Paper Sample) Content: Running Head: CRITIQUE OF FREE MARKETS CRITIQUE OF FREE MARKETS by Student's name Code+ course name Professor's name University name City, State Date Introduction The recent financial and economic crisis in US (of 2007-08) has perhaps strongly evoked a rather serious debate on the virtues and fallacies of free market economy which has been ongoing, although mildly, for more than a century in academic literature and socio-political circles. Debates, ideas and assumptions on whether free market economy supersedes other forms of market structure such as socialism (which is still in place in countries like China and Russia) continues to divide economists, politicians, civil servants, public policy experts, and others on two fronts. Further, the determination of optimum boundaries between a free market and a capitalist system and the potential role of the government has pretty much embroiled every nation in the past and continues to do so even to this day. In fact, to check the financial crisis on 2007-08 from becoming a prolonged depression that would have potentially engulfed the US, if not the rest of the world, for at least a decade, heavy per vasive intervention by the US Government was needed, which was, in turn, followed by similar steps from other governments around the world in pretty much the same manner and form. Adherents of free market lay emphasis on the equilibrium achieved by the market mechanism process of demand and supply as necessary and sufficient condition to correct any inefficiencies in the system. On the other hand, proponents of market interventionist, have persistently demurred the market framework of demand and supply and seem to draw parallels of the current financial crisis US with this specific market imbalance leading to inadequacies. Supporters of active government involvement argue that only the government intervention, through its regulations, can wade effectively into the system of the market and correct the imbalances and bring about a sense of parity, justice, equity and fairness. However, government involvement does not mean that the competitive elements and forces will be subdued but it means that those forces will be better monitored to prevent any drastic fallout that may inevitably harms the society (Aikins, 2009) (Heilbroner and Thurow, 1998). Critical Analysis of Free Market and Government Involvement Modern welfare economists and policy makers have tended to use micro - economic fundamental reasoning of welfare and well-being as justification for the government to step in and be a major player in the decision making process of the market. However, an important assumption is that such preoccupation by the government should purely be based on the consideration of external benefits that it will generate and which, in turn, will, in a sense, lead to social equity, which is the ultimate and overriding goal of any government, in a democracy. Fundamentally, such external benefits have been driven by Pareto optimality principle which can be surmised as "a given economic arrangement is efficient if there can be no arrangement which will leave someone better off without worsening the position of others." This conceptual framework is heavily built upon the principles of social welfare objectives because any exchange or reallocation of resources is Pareto optimal if the exchange or reallocat ion will not harm somebody. Hence, from a theoretical standpoint the participatory role of government is fructified and forms a very important basis on which individuals and political parties contest elections in a country (Parker, and Nobay, 1973). Precisely, it is these rational and meaningful assertions that have been the background for the welfare activities of the government in western free market economies, albeit in varying magnitude depending on the legislative system of each country. Further this notion also mandates and informs us on the reasons government in developing countries undertake large social expenditure. All the conditions of pareto optimality can be fulfilled perfectly and easily if the market structure is characterized by elements of perfect competition, where there are large number of sellers and buyers, and without any prevalence of negative externality, whereby actions of one individual adversely affects the consumption and production of large section of individuals. However, the modern mixed economy, which is the predominant form of market in most countries, is not ideal and has a number of imbalances that warrants the government to play a passive role (of a regulator that monitors the activities) in t erms of competitiveness of markets and industries and active role in so far as the welfare objectives are concerned (Stiglitz, 1991). It is noteworthy that democratic institutions and privately owned factors of production have coexisted without any degree of acrimony in most of the countries. It can rightly be inferred from the experiences of advanced industrialist countries that capitalist market system can be guided perfectly by professional governance model that leads to favourable competitive outcomes which benefits both the consumers and the producers. For instance, major capitalist countries including US, Japan and Germany have been democratic where the all the essential aspects of business, most importantly, including price, continue to be determined via the market. It is important to realise that the private means of production that have led the accumulation of wealth in each of these countries. Although, the government has indeed aided in research and expenditure and other favourable trading policies but, by and large, it has been the competency of the business operations that have been the main cause of t he progress of western society. Hence, it will not be wrong to claim that principles of democracy have proven to be the main centrifugal force that aids in expansion of business and production that leads to generation of employment and income (Dahl, 1992). The talents, skills and hard work of people are most prized in an economic system which guarantees them a certain reward for that. Here too, evidence seem to point that a free market democracy assures this pre-condition along with social system that can also work for the benefit for the poor. Importantly, in many advanced and emerging countries, most private sector have also realized that shared progress of all is the key to nation's supremacy and, hence, corporate social responsibility has emerged as one the main objectives of private sector (Erhard, 1958). Government regulation has to be efficient that lays out unambiguous rules for business to abide by. Lack of proper regulation of business activity, whose sole existence is to create profits, will not lead to sustained economic growth and this can have lethal consequences for the welfare of the economy. Hence, policy mechanism has to be rightfully framed that can instil a sense of balance, discipline to the operations of the private producers and manufacturers. For instance, regulation that does not lead to overutilization of natural resources is absolutely essential for sustainable growth. The needs and rights of the future generation to use a natural resources is also string as ours and hence, enterprises have to exercise a degree of caution when dealing with natural resources. A well regulated free market is precisely the need because "even if competitive markets were to produce efficient outcomes, these efficient outcomes would not necessarily be justifiable; and some justifiable outcomes may be inefficient" (Dahl, 1992). Arthur Pigou, an English economist, had argued that government has a crucial role to play for the upliftment of society's most deprived individuals. Essentially, expenditures by the government in activities that have a positive impact on socially backward individuals has to be undertaken at any cost. He emphasized that subsidies by the government in education and healthcare is a valid reason for government to participate in the market aggressively and with a sense of intent because it positively impacts those individuals in the society that are placed at the lower ends of the social ladder. Greater social spending for these groups increases their capability to be absorbed in the labour force and gives them an opportunity to enhance their social status by being a part of a growing economy and not being left out of it. However, a free market system gives the firms the necessary incentives to be able to advance business interests which if the economy would not free will go through a len gthy, time consuming bureaucratic procedures. Hence, a free market guarantees that both the objectives can be met (Stiglitz, 1991). Further, importantly, another Nobel Prize winning economist, Paul Samuelson, categorically developed a number of theories around a unique and distinct class of goods - called as public goods à ¢Ã¢â€š ¬Ã¢â‚¬Å" which was initially conceptualised as only physical infrastructure such as roads, street lights, dams, bridges and other, but however, with later theoretical development in the subject, other social overhead cost such as education and health facilities for individuals who cannot afford to buy any was also included as a part of it. Samuelson claimed that lack of sizeable profit opportunities for the private player's in the provisioning of public goods means that only the government is in a position and has the resources to be able to provide such goods effectively and to large masses. However, it is extremely important to point out that the historical argument behind this was given by John Keynes, labelled rightly as the champion of interventionist approach of the government, a t the end of the great depression, whereby he had theoretically demonstrated that inadequate demand creation was the cause of persistence of massi...

The Value Of A Investment Project Essay - 2252 Words

Companies invest its capital with the expectation that it will generate income or appreciate in the future and be sold at the higher price or expect some other benefits from it. When the company has several ways how to invest money it has to choose which one is better – they prioritize investment projects. The main criterion to choose an investment project is the value it would accumulate for the company in future. For the purpose of analyzing the value of the money that will be received in future and future value of the money that we invest today Discounted Cash Flow concept was developed. In simple terms, discounted cash flow tries to work out the value of a investment today, based on projections of how much money it s going to make in the future. DCF analysis says that an investment is worth all of the cash that it could make available to investors in the future. It is described as discounted cash flow because cash in the future is worth less than cash today. For example, let s assume that your friend asked you to choose between receiving 250 rubles today and receiving 250 rubles in a year. Chances are you would take the money today, knowing that you could invest that 250 rubles now and have more than 250 rubles in a year s time. If you turn that thinking on its head, you are saying that the amount that you d have in one year is worth 250 rubles today - or the discounted value is 250 rubles. Make the same calculation for all the cash you expect an investment toShow MoreRelatedInitial Erp Implementation Project And Assess The Value Of The Investment At This Time1631 Words   |  7 Pages1. Introduction Thank you for this opportunity to study your recent ERP implementation project and assess the value of the investment at this time. I will provide you a data brief of the current status, and I’ll offer guidance to propel you toward full realization of your investment. 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Then, several quantitative models will be introduced about how to make correct investment decision, and we will explain the relevant qualitative issues that should be considered. In addition, we will discuss the relationship among the three types of decision. Finally, we will analyse articles about investment decision, financing decision andRead MoreTraditional Methods For Evaluating The Capital Investments Essay1020 Words   |  5 Pagestraditional methods for evaluating the capital investments of your selected company in the emerging markets t o reduce risk. Provide a rationale for your suggested methodology. Net present value in conjunction with internal rate of return are the best methods for evaluating the capital investments of your selected company in the emerging markets to reduce risk. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capitalRead MoreCapital Budgeting Process Should Be Utilized1432 Words   |  6 Pagescompetitive in their perspective markets. They have found that this may be done by some type of investment(s), in the form of acquisition, and or merger. In the world of business, capital budgeting is one of the most important steps that a company or organization can take. This process is called Capital budgeting. Capital budgeting is a process that attempts to determine the future. Before any large project begins, the capital budgeting process should be utilized. Without capital budgeting, your companyRead MoreCorporate Budgeting : On Capital Budgeting1589 Words   |  7 Pagesbudgeting. In ordinary world capital budgeting means analyzing the profitability of investment. Further, how distinct principles are associated with the capital budgeting is explained. T his chapter also introduced a new principle, â€Å"Individual Respond to Incentives†. This principle elaborates how managers reacts towards the deserving incentives. Capital budgeting allow businesses determine best profit generating investment plan and evaluate its profitability. The Capital Budgeting process involve distinctRead MoreCaledonia Project939 Words   |  4 PagesCaledonia Project Team A James Kochiel, Erik Nutt, Lynnell Smothers, Derek Wright January 21, 2014 John Dewey 1. Why should Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? Caledonia should focus on cash flows, because free cash flows can be reinvested when received, unlike accounting profits which are shown when earned, andRead MoreAdvantages And Disadvantages Of Investment Appraisal1679 Words   |  7 PagesThe Investment Appraisal are techniques used in an organisation’s overall strategy and decision of capital investment. In general capital investment appraisal are used for ranking projects. A firm can usually have many projects that are appraised at the same time and those techniques will compare the projects and once completed will determine the highest one and this will be implemented. The investment appraisal considered are: ARR, PAYBACK, NPV AND IRR. The ARR (Accounting rate of return) is theRead MoreCapital Budgeting Is A Means By Which Companies Can Evaluate The Long Term Economic Impact On Investment Projects1490 Words   |  6 PagesCapital budgeting is a means by which companies can evaluate the long-term economic impact of proposed investment projects. It comprises both a financial and investment component. The complex nature of capital budgeting offers measurability and accountability for making financial decisions regarding which investments are worthwhile in meeting an organization’s strategic plan. Financial simulations offer the opportunity to understand the complexity of capital budgeting. The New Heritage Doll Company

I Interviewed My Closest Friend, Who I Will Call Annie Essay

For my Investigative Assignment on the concept of identity, I interviewed my closest friend, who I will call â€Å"Annie.† She is a Chinese-American, born to immigrant parents. Her parents immigrated to US from China and had her after. She is fluent in English and both Cantonese and Mandarin, but she feels more comfortable talking in Cantonese because she grew up speaking Cantonese with her parents and her relatives. When I asked her why she learned Mandarin, she told me that her parents wanted her to learn it since it is the most spoken dialect in China. Even though she knows Mandarin very well, she rarely speaks in that dialect since she does not have to use it when communicating with her family. The three words she chose to describe her identity are: Chinese, American, and student. She calls herself Chinese because she is proud of her ethnicity and cultural heritage and not ashamed of being an Asian minority. One Chinese cultural value she appreciates the most is devoting t o family. She and her family all believe that family should be top priority and should always care for one another. She also calls herself as Chinese because she can speak her native language. She believes that language is an important tool constituting one’s identity because by knowing her native language, she can easily identify herself as Chinese. But she also describes herself as an American because she values American culture as well as she is generally very open-minded about things that her parents areShow MoreRelatedNoughts and Crosses14387 Words   |  58 Pagesare still friends, though social divisions threaten their relationship. Callum – a nought – is about to start at Heathcroft High – the Cross school that Sephy attends. Callum’s family have mixed feelings about his new school. His brother Jude, full of hatred for Crosses, does not want him there. His Mum is doubtful, but his Dad is keen. His sister Lynette – a disturbed young woman – lives in a world of her own. Chapter 3 Sephy overhears her dad talking with a blond-haired nought man who has a ponyRead MoreLogical Reasoning189930 Words   |  760 Pagesleading to truth-valued conclusions but with making choices, assessing reasons, seeking advice, etc. Dowden gets the balance and the emphasis right. Norman Swartz, Simon Fraser University v Acknowledgments For the 1993 edition: The following friends and colleagues deserve thanks for their help and encouragement with this project: Clifford Anderson, Hellan Roth Dowden, Louise Dowden, Robert Foreman, Richard Gould, Kenneth King, Marjorie Lee, Elizabeth Perry, Heidi Wackerli, Perry Weddle, Tiffany

Impairment of Assets Longreach Limited

Question: Discuss about the Impairment of Assets for Longreach Limited. Answer: Impairment of assets is discussed in AASB 136. It states about a condition when an assets value diminishes to an extent that it is lesser than its carrying value. The standard details about the accounting entries when impairment of an asset takes place along with the conditions for impairment to happen. The Australian Accounting Standard on impairment is similar to the International Accounting Standard 36. The economic financial crisis of 2008 has made this standard important in the eyes of all the investors and the shareholders. Therefore Longreach Limited should also ensure to check its assets for impairment and if so do the necessary accounting entries. Indications of impairment is the first thing to check before impairment of an asset is done. But it is very crucial to understand that all the items present in the asset side of the balance sheet does not get impaired. Current assets like inventories, contracts for construction of an asset, deferred tax assets, employee retirement benefits, investments in properties held for sale, agricultural assets disclosed at fair value, contracts for insurance and the other non-current assets held for sale are not subject to impairment as they are dealt in other accounting standards (aasb.gov.au., (2007). The reasons for impairment can be internal as well as external. Assets may become out dated due to technological changes or there may be certain assets which have recently become saleable in nature are internal factors whereas factors such as political and economic instability, increase in the market rate of interest wherein it has a negative implication on the asset or such cash generating unit are considered to be factors external to the company. Once an asset passes the test for impairment then the amount that can be realised and the amount at which the asset is presently being carried is compared and if the recoverable amount is less than the carrying amount then the difference of the two is marked as impairment loss and accounted for in the income statement as an impairment loss in the expense side. The said amount is further deducted from the assets present carrying amount (Dagwell et.al.2012). However it is not necessary that once an asset impaired cannot be reversed. There may be indications wherein the carrying amount of the asset is less than its actual recoverable amount. In such a case, the impairment amount should be reversed. But there is a capping to the reversal. It can be reversed to the extent the carrying amount of the asset would have been had such an impairment not happened. Thus some of the major terms that Longreach Limited should know are as under: Recoverable amount: The fair value less cost of selling of the asset or the value-in-use whichever is greater is termed as the recoverable amount of the asset. Carrying Amount: The amount recorded in the balance sheet before impairment is said to be carrying amount. Cash Generating Unit: A group of assets which have the capacity of generating income for the company independently is construed as a cash generating unit. Value-in-use: The NPV of the cash flows that an asset can produce in future is known as the value-in-use (Albrecht et.al. 2011). But it is very important for the Longreach Limited to understand that impairment of goodwill is not same. Impairment of goodwill happens fully specially when an impairment of a CGU happens then the goodwill is impaired first and then the rest of the assets are impaired proportionately. But once a goodwill has been impaired then it cannot be reversed. Resaon behind the same is that AASB 138 does not realise the goodwill that is generated internal to the organization and hence not accounted for (Bond et.al. 2016). Thus if there is an increase in the goodwill after impairment it is said that the internally generated goodwill has increased hence not is not recorded. AASB 136 states that on impairment of an asset certain disclosures are required. They are as under: For each class of asset impaired, the amount of impairment loss recorded in the profit and loss accounted as well as in the line items of the comprehensive income. The amount of impairment loss reversed if any accounted for in the income statement as well as the line items of the comprehensive income. In case of segmental reporting, the impairment loss that is recorded in the income statement and in the equity. Any reversal of the said impairment accounted in the income statement and the equity. In case impairment of goodwill or a material CGU which has goodwill also impaired then the reason behind such an impairment, amount of impairment , if any reversal has happened then the amount of such reversal and in case the impairment or reversal of a CGU has happened then the amount of the same and how it has been allocate amongst the various assets which are a part of the CGU (Hamilton et.al. 2011). Therefore my recommendation to Longreach Limited would be to immediately apply the said standard in the preparation of the financials so that the balance sheet is not overstated or understated. The Company should ensure to value its goodwill carefully and also to check for the indications of impairment so that the true value of the assets are revealed to the investors of the Company. Disclosure requirements should be adhered to so that it is easy for the investors to interpret the various causes of impairment and the calculations thereof. Thus on a concluding note it is understood that impairment reveals the true realisable value of an asset in case of liquidation and also helps to determine whether all the liabilities can be met with the help of the existing assets successfully and sufficiently. As per AASB 136 on impairment of assets, inventory is not subject to impairment as the same is dealt with in AASB 102. The other assets such as goodwill, land and building, factory and plant and machinery will be impaired. Further the brand Crossbow will not be impaired as the companys brand value has not diminished thus it does not show any indication of impairment of the same. Land will be impaired separately as its realisable value is known separately and the balance amount, the goodwill will be impaired first to its full value and th balance after that will be allocated to the rest assets proportionately. Since the value of land is known separately therefore the same is to be impaired first. The impairment loss for land is $200000- $ 171000= $29000. The journal entry is as under: Profit and Loss Account (loss on impairment) Dr...............$29000 To accumulated impairment loss (Land)...............................................$29000 The total impairment is $1680000- $1420000 = $260000. Out of the same the impairment of land will be deducted i.e. $260000-$29000 =$231000. From the same goodwill will be impaired in totality and the balance of $231000-$40000= $191000 will be allocated to factory and machinery to in the proportion of 7:4. Therefore the impairment allocated to factory will be 7/11*191000= $121545 and that to machinery will be 4/11*191000 =$69455 The journal entry will be as under: Profit and Loss Account (loss on impairment) Dr.................$231000 To goodwill A/c.....................................................................................$40000 To accumulated impairment loss (Shoe Factory)A/c...........................$121545 To accumulated impairment loss (machinery) A/c................................$69455 References: aasb.gov.au., (2007), AASB 136- Impairment of Assets, Available at https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPapr07_07-07.pdf (Accessed 19th January 2017) Albrecht, S., Stice, E., Stice, J., Swain, M. (2011).Accounting: Concepts and applications(11th ed.). Mason: South-Western Bond, D., Govendir, B., Wells, P., (2016), An evaluation of asset impairment by Australian Firms and whether they were impacted by AASB 136, Available at https://onlinelibrary.wiley.com/doi/10.1111/acfi.12194/full (Accessed 19th January 2017) Dagwell, R., Wines, G., Lambert, C., (2012), Corporate Accounting in Australia, Pearson: Australia Hamilton, K., Hyland, B., Dodd, J.L., (2011), Impairment : IASB-FASB Comparison, Drake Management Review, vol.1, no. 1, pp. 55-67