this is. the subject where. I got done from. you guys and only got 5/25 marks and if this is not done properly I will. fail, so please give it to someone good tnx

Question1.
(a).Acquisition cost of the Machine.
Particulars Amount
(1).cash paid $65000
(2).land given $700000
(3).loan assumed $95000
Cost of acquisition    =$860000
>land value taken is $700000 because when a asset is acquired in exchange for another asset, the asset should be recorded at fair value of the asset of the acquired or fair value of asset given up whichever is clearly evident.so in this case the fair value of asset acquired is not available, fair value of asset given up (land) is considered as fair value of asset acquired.
(b).Journal entry to record the transaction
    date
    Particulars
    Debit
    Credit
    
    Machine A/c
    $860000
    
    
    Profit and loss A/c*
    $50000
    
    
          cash A/c
    
    $65000
    
          Land A/c
    
    $750000
    
          bank loan A/c
    
    $95000
    
    (Being machine acquired)
    
    
*Profit and loss A/c is the difference between book value and fair value of land ($750000-$700000).
>alternative entries
    date
    Particulars
    Debit
    Credit
    
    Machine A/c
    $860000
    
    
          cash A/c
    
    $65000
    
          Land A/c
    
    $700000
    
          bank loan A/c
    
    $95000
    
    (Being machine acquired for cash, land and loan)
    
    
    
    
    
    
    
    Profit and loss A/c
    $50000
    
    
          land A/c
    
    $50000
    
    (Being loss on exchange of land with machine)
    
    
Question 2.
Time period from July 1st 2016 to 1St July 2020= 4 years.
Accumulated depreciation July 1st 2020
= (Cost/Number of years of useful life)*4
= 270000/10*4
=108000
Book Value of Machine on 1st July 2020
= Cost-Accumulated Depreciation
=270000-108000
=162000
Loss on revaluation
= Book Value of Machine – Fair Value
=162000-140000
=22000
    Journal Entries
    Date
    Account Title
    Debit($)
    Credit($)
    July 1, 2020
    Depreciation Expenses
To, Accumulated Depreciation
(To record depreciation on the date of revaluation)
    13500
    
13500
    July 1, 2020
    Impairment Loss
To, Machinery
(To record decrease in the Value of Machinery)
    22000
    
22000
    
    
    
    
Question 3.    
    
    
    
    Account titles and explanation
    Debit
    Credit
    a.
    30-Jun-19
    Cash
    $15,000,000
    
    
    
    
       Debentures
    
    $15,000,000
    
    
    
    (cash received for issue of debentures)
    
    
    
    
    
    
    
    
    
    b.
    31-Dec-19
    Interest expense
    $487,500
    
    (15 *6.5%*5)
    
    
       Cash
    
    $487,500
    
    
    
    (interest paid)
    
    
    
    
    
    
    
    
    
    c.
    30-Jun-24
    Debentures
    $15,000,000
    
    
    
    
       Cash
    
    $15,000,000
    
    
    
    (debentures redeemed)
    
    
    
    * Since market rate and coupon rate of interest of the debentures are same The issue price itself is the carrying value. and as well as that, interest payment is equal to interest expense
    
    
Question 4.
Date of inception: 01/01/2015
Lease duration: 4 year
Life of Assets: 5 years
Annual lease payment: 320000
Guaranteed residual Value: ...