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Accounting for Intangible Assets

08 Mar 2012 / 0 Comments

Steve Collings looks at the fundamental principles in accounting for goodwill and intangible assets and also looks at some fundamental differences between current UK GAAP, IFRS and the proposed IFRS for SMEs.As accountants we are all aware that an intangible asset does not have any physical form

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Published On:Friday, 9 December 2011
Posted by Muhammad Atif Saeed

Linear Equations: Solutions Using Elimination with Two Variables

Linear Equations: Solutions Using Elimination with Two Variables

To solve systems using elimination, follow this procedure.
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  • Arrange both equations in standard form, placing like variables and constants one above the other.

  • Choose a variable to eliminate, and with a proper choice of multiplication, arrange so that the coefficients of that variable are opposites of one another.

  • Add the equations, leaving one equation with one variable.

  • Solve for the remaining variable.

  • Substitute the value found in Step 4 into any equation involving both variables and solve for the other variable.

  • Check the solution in both original equations.

  • Example 1
    Solve this system of equations by using elimination.
    equation
    Arrange both equations in standard form, placing like terms one above the other.
    equation
    Select a variable to eliminate, say y.
    The coefficients of y are 5 and –2. These both divide into 10. Arrange so that the coefficient of y is 10 in one equation and –10 in the other. To do this, multiply the top equation by 2 and the bottom equation by 5.
    equation
    Add the new equations, eliminating y.
    equation
    Solve for the remaining variable.
    equation
    Substitute for x and solve for y.
    equation
    Check the solution in the original equation.
    equation
    These are both true statements. The solution is equation.
    If the elimination method produces a sentence that is always true, then the system is dependent, and either original equation is a solution. If the elimination method produces a sentence that is always false, then the system is inconsistent, and there is no solution.

    About the Author

    Posted by Muhammad Atif Saeed on 00:58. Filed under . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

    By Muhammad Atif Saeed on 00:58. Filed under . Follow any responses to the RSS 2.0. Leave a response

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    I am doing ACMA from Institute of Cost and Management Accountants Pakistan (Islamabad). Computer and Accounting are my favorite subjects contact Information: +923347787272 atifsaeedicmap@gmail.com atifsaeed_icmap@hotmail.com
    1. Accounting for Intangible Assets
    2. Fair Value Measurement of Financial Liabilities
    3. The Concept of Going Concern
    4. The Capital Asset Pricing Model
    5. Bond Valuation
    6. Asset Management Market Efficiency Asset Management Market Efficiency
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