Answer:
$40,000
Explanation:
The accounting procedure involved in the above is that one picks the lower between the actual interest incurred and the interest computed on the weighted average amount of accumulated expenditures for PPE.
The actual interest incurred on specific construction debt and other borrowings
= $50,000 + $20,000
= $70,000
Since the interest computed on the weighted average amount of accumulated expenditure for the building is $40,000 , the lower between the actual interest incurred and interest on weighted average amount of accumulated expenditure is $40,000, hence will be the capitalized amount.
Answer:
D) None of the above is included in Japanese GDP.
Explanation:
A country's GDP includes the value of all the finished and legal goods and services produced in an economy during one year.
GDP = consumption + investment + government spending + net exports
- Vegetables and fruits grown and consumed by an individual are not included in the GDP, unless they sell them to someone else.
- Illegal goods ans services are not included in the GDP.
- Imports, foreign products sold in a domestic market, lower the GDP since they lower net exports.
The event should be presented in the financial statements as follows:
1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.
2. The bonded liability on the balance sheet is eliminated by the relevant amount.
3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.
4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.
Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.
Learn more: brainly.com/question/17329408
February 25th(direct deposit),March 4th(mailed check)
Answer:
A. 300
Explanation:
The computation of the economic order quantity is shown below:
= 
where,
Annual demand = 600 bottles × 50 weeks = 30,000 bottles
Carrying cost per bottle = $50 × 40% = $20
And, the ordering cost per order is $30
Now put these values to the above formula
So, the value would equal to
= 
= 300 bottles
Hence, option A is correct
