Answer:
False
Explanation:
When the taxpayer has purchased several lots of stock on different dates at different prices and cannot identify the lot of stock that is being sold. In such a situation the stocks are not identifiable, therefore, both the LIFO and FIFO methods of inventory valuation cannot be used. This is because both of these methods require identification of purchased lots of stocks to determine from which lots the goods are sold first. In such a situation only the Weighted average method (AVCO) can be used because it does not require identification of the stock lot from which the goods are sold.
Answer:
a.
The depreciable cost is $170500
b.
The depreciation rate is $3.1 per mile
c.
The depreciation expense for the year is $13640
Explanation:
a.
The depreciable cost is the cost of the asset that qualifies to be charged as depreciation expense over the estimated useful life of the asset. The depreciable cost is calculated as follows,
Depreciable cost = Cost - Residual Value
depreciable cost = 180000 - 9500 = $170500
b.
The depreciation rate under unit of activity method is the amount of depreciation that will be charged per unit of the asset usage.
The depreciation rate = Depreciable cost / estimated useful life in units of activity
The depreciation rate = 170500 / 55000 = $3.1 per mile
c.
The units of activity depreciation for the year can be calculated by multiplying the depreciation rate per unit by the activity for the year in unit terms.
Depreciation expense for the year = 3.1 * 4400 = $13640
There are several things that help when you want to learn more about jobs or occupations:
1) Research.
-Research can help with a lot of things. There are many websites that would be very beneficial if you look up your topic!
2) Ask.
-Asking or even interviewing someone with experience in your topic is another great way to learn about something! If you ask them, they would be more than happy to help you and you can still learn!
3) Volunteer.
-Volunteering is another great way to learn about your job field! Volunteers learn about different things that the job requires you to do and it’ll add value to your resume!
Hope this helps!
Demand for a good is affected by the price, and the type of good. If the price is an inferior good the demand decreases when the price goes down, and vice versa for a normal good. So we can say for certain that a price change will always affect demand. So the answer is A.
However much money serves as a value
