The Chairperson of the Pittodrie Group was appointed to the position because of her strong...
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Accounting
The Chairperson of the Pittodrie Group was appointed to the position because of her strong sales and marketing background. As such, she is keen to learn as much financial knowledge as possible and is continually asking questions of yourself as the Group's financial controller. Please respond in detail to the following e-mail From: Esme To: You Subject: Accounting Queries 6th December 2019 Hi, Many thanks for the draft financial accounts and notes that you sent me. Prior to my Board meeting next week could you please send me a return e-mail answering the following queries? a) What exactly is the purpose of depreciation? b) In the financial statements, does the treatment of an investment property differ from the treatment of our Head Office building? c) How should we account for the borrowing costs that we incurred this year on constructing the Torry warehouse facility? d) Why would a machine, that we have started leasing on a 10 year agreement, have to be shown on our statement of financial position when we don't own it? Thanks Esme Total 30 Marks
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