d2jsp
Log InRegister
d2jsp Forums > Off-Topic > Sports Coliseum > Health & Fitness > Did You Know Assassins Can Open Locked Chests
Prev12345610Next
Add Reply New Topic New Poll
Member
Posts: 63,360
Joined: Jan 1 2007
Gold: 1.00
Jan 24 2017 06:42pm
The name isildur really suits the aggression lmao

had a laugh
Member
Posts: 29,060
Joined: Feb 13 2005
Gold: 150.00
Jan 24 2017 07:08pm
Quote (leemyungbak @ Jan 24 2017 05:35pm)
Interesting way to study ty

Initial purchase JE

Keys Inventory dr, 90
Gold cr. 90

To record cost when opening a chest

Costs of Goods Sold dr. 90
Keys Inventory cr. 90

All revenue recognition is limited to carrying amount of assets given up, the excess is a gain. If you find nothing, report no revenue, and the loss will be counted when you reported the COGS

Exs to recognize revenues and gains)

You found shako in chest:

Shako (Long Lived Asset or Inventory depending on business model) dr. X
Chest Revenue cr. 90
Gain cr. X

Assuming FMV of shako is 5fg and 1mil gold is worth 1fg, we can say that X = 5mil gold - 90

You find 30gold in the chest:

Gold dr. 30
Chest revenue cr. 30

You find 120 gold in chest:

Gold dr. 120
Chest revenue cr. 90
Gain cr. 30

actually key's shouldn't be trading inventory, they should simply be recorded as investments.

buy key

key 90
gold 90

use key to trade for another investment
chest 90
key 90

open chest (lose chest and realize items inside)

shako 5000000
chest 90
gain 4999910


H&F Post of the week and it has absolutely nothing to do with H&F
Member
Posts: 4,498
Joined: Dec 30 2015
Gold: 88.50
Jan 24 2017 08:24pm
First of all keys stack, so they only take up 1x1 square so there is no opportunity cost of having an inventory full of keys (fully stacked 1 square)

The game does not differentiate between keys found and keys bought, value will always = 1 gold.

Free trade agreements with jsp will allow you to profit much higher by selling your shall for in game gold rather than town vender who will cap the max amount and or are not generous with unique items

Keys bought would be short term assets, keys found are a product of exploring. Exploring 5 mins = 1 key on average over all acts

Member
Posts: 12,655
Joined: Nov 30 2003
Gold: 40.01
Jan 24 2017 08:47pm
Quote (Excusemem8 @ Jan 25 2017 02:24am)
First of all keys stack, so they only take up 1x1 square so there is no opportunity cost of having an inventory full of keys (fully stacked 1 square)

The game does not differentiate between keys found and keys bought, value will always = 1 gold.

Free trade agreements with jsp will allow you to profit much higher by selling your shall for in game gold rather than town vender who will cap the max amount and or are not generous with unique items

Keys bought would be short term assets, keys found are a product of exploring. Exploring 5 mins = 1 key on average over all acts



tfw when Aussie trump Asian

and I'm just here like 'Merica
Member
Posts: 1,854
Joined: Jan 2 2010
Gold: 25.65
Jan 24 2017 09:02pm
Quote (Excusemem8 @ Jan 24 2017 07:24pm)
First of all keys stack, so they only take up 1x1 square so there is no opportunity cost of having an inventory full of keys (fully stacked 1 square)

The game does not differentiate between keys found and keys bought, value will always = 1 gold.

Free trade agreements with jsp will allow you to profit much higher by selling your shall for in game gold rather than town vender who will cap the max amount and or are not generous with unique items

Keys bought would be short term assets, keys found are a product of exploring. Exploring 5 mins = 1 key on average over all acts


opprtunity cost has nothing to do with the accounting treatment, accounting only recognizes and reports the accounting profit, not economic profit, which is accounting profit less opportunity cost.

I am not talking about inventory in the game (ie spaces available) I am talking about how many keys you have, the accounting asset inventory account.

Keys are recorded at acquisition cost under GAAP. You can recognize an impairment loss.

This isn't a free trade agreement because we are not dealing with international trade. and I mentioned the gains you can recognize via valuation through JSP -- but again you must initially record at the acquisition cost, and not recognize any gains until realized (traded away for the gain) under the conservatism constraint

The term you are looking for is current asset, and yes they are, but not for the reason you said. Current assets are assets expected to exhausted during an operating cycle or one year, whichever is longer, not how long it takes to obtain them.
Member
Posts: 12,655
Joined: Nov 30 2003
Gold: 40.01
Jan 24 2017 09:06pm
Quote (leemyungbak @ Jan 25 2017 03:02am)
opprtunity cost has nothing to do with the accounting treatment, accounting only recognizes and reports the accounting profit, not economic profit, which is accounting profit less opportunity cost.

I am not talking about inventory in the game (ie spaces available) I am talking about how many keys you have, the accounting asset inventory account.

Keys are recorded at acquisition cost under GAAP. You can recognize an impairment loss.

This isn't a free trade agreement because we are not dealing with international trade. and I mentioned the gains you can recognize via valuation through JSP -- but again you must initially record at the acquisition cost, and not recognize any gains until realized (traded away for the gain) under the conservatism constraint

The term you are looking for is current asset, and yes they are, but not for the reason you said. Current assets are assets expected to exhausted during an operating cycle or one year, whichever is longer, not how long it takes to obtain them.



Asian man rise again like godzilla
Member
Posts: 1,854
Joined: Jan 2 2010
Gold: 25.65
Jan 24 2017 09:13pm
Quote (ug_warrior(xtc) @ Jan 24 2017 08:06pm)
Asian man rise again like godzilla



goad zira? where?
Member
Posts: 4,498
Joined: Dec 30 2015
Gold: 88.50
Jan 24 2017 09:31pm
Quote (leemyungbak @ Jan 24 2017 07:02pm)
opprtunity cost has nothing to do with the accounting treatment, accounting only recognizes and reports the accounting profit, not economic profit, which is accounting profit less opportunity cost.

I am not talking about inventory in the game (ie spaces available) I am talking about how many keys you have, the accounting asset inventory account.

Keys are recorded at acquisition cost under GAAP. You can recognize an impairment loss.

This isn't a free trade agreement because we are not dealing with international trade. and I mentioned the gains you can recognize via valuation through JSP -- but again you must initially record at the acquisition cost, and not recognize any gains until realized (traded away for the gain) under the conservatism constraint

The term you are looking for is current asset, and yes they are, but not for the reason you said. Current assets are assets expected to exhausted during an operating cycle or one year, whichever is longer, not how long it takes to obtain them.


Jsp trade is international as you can sell a looted item from a chest on Europe and reciece in game gold as payment on USwest.

Keys bought from vendors are current assets as they will be used within a year since ladder seasons last 6 months. Keys found in sanctuary via looting have a cost of time spent looting, and depreciation of other assets in acquiring the keys (gold spent on repairing durability on your weapon, for example)

This can all be avoiding by playing as the Assassin.

There is also a potential big problem in the early game when cash flow is extremely low. If you ran into a locked chest in the blood moor you wouldn't be able to afford to unlock it. You can either sell your starting assets and hope it was worthwhile investment, or you can get a small loan of 1 gold to afford a key. Since you can't get decimal values of gold and assuming the loan has interest you'd have to round up to the nearest 1 gold for interest repayment on the loan. All of a sudden you are paying 200% interest in your gold loan

Member
Posts: 12,655
Joined: Nov 30 2003
Gold: 40.01
Jan 24 2017 09:32pm
fuckin shit man this is like a sick ass game of tennis or pong

I'm learning so much

where's the rebuttal secret Asian man
Member
Posts: 11,546
Joined: Aug 8 2007
Gold: 11.59
Jan 24 2017 09:44pm
Duh. I'm #1 pvm all realm ofc i knew that.
Go Back To Health & Fitness Topic List
Prev12345610Next
Add Reply New Topic New Poll