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eduard
4 years ago
13

For each item listed below, indicate the allocation terminology for the item. Use the following terms for your answer:

Business
1 answer:
nexus9112 [7]4 years ago
8 0

For each item listed the allocation terminology for the items are as follows:

Amortization: Copyrights, Patents, Trademarks and Annual licensing fees.

Depreciation:  Buildings, Equipment and Land Improvements.

Depletion: None.

None of these: Land, Research and Development Costs and Franchises.

<u>Explanation:</u>

Throughout accounting, amortization applies to multiple-period distribution of revenues. The concept is used for two isolated processes: loan amortization and asset amortization. Depreciation is the reduction in asset value and the process used to redeploy or "write down" a tangible asset's expense (like equipment) over its expected life period.

Depletion is a term of accounting and taxation generally used in coal, forestry, petroleum, or other related industries. Depletion is identical to depreciation in that it is an accounting and tax tracking system for cost recovery.

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CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
Gelneren [198K]

Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × (1 + i)^{n}

Given,

Present Value, PV = $630,000

Annual rate of return, i = 12% = 0.12

Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × (1 + 0.12)^{10}

FV = $630,000 × 3.105848

FV = $1,956,684

$1,956,684 can be reinvested after the liquidation of 10 years.

8 0
4 years ago
The cost of local government is ultimately passed on to
I am Lyosha [343]
It is passed to the citizens. Inside the administration area, cost portion is utilized most normally to recover circuitous cost repayments from the government, through the making of a cost allotment design. And, for catching full cost of administration to charge different subsidizes inside the office to get repayment for the organization's general store.
5 0
4 years ago
Marta’s Online Store Sells Accessories For A Widely Used Smartphone, And Her Current Customer Base Shares A Number Of Relevant C
Rashid [163]

Answer:

3- Device Types

4- Location

Explanation:

These 2 settings can help Marta in targeting the specific audience she wants to.

  1. Location Settings allows your campaign to reach the location of your choice, where Marta feels that the most relevant audience belongs.  For example, if she feels that her customers mainly belong to Houston, so she could specify her campaign to Houston to save money instead of running the campaign in every part of the country.
  2. Device Type, specifying this category would allow limiting her audience to only specific people who are active on cellphones as mostly that's her customer base.
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3 years ago
A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial state
Darina [25.2K]

Answer:

A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial statement presentation to include

investigation of the economy, efficiency and effectiveness of operations.

Explanation:

This is known as a value for money audit.  It is an independent evidence-based investigation which examines and reports on whether economy, effectiveness, and efficiency have been achieved in the use of governmental funds, which are public funds.  This is how many audits for governmental funds are conducted, by expanding the scope to include these three important operational elements.

8 0
3 years ago
Blossom Company purchased machinery with a list price of $88000. They were given a 10% discount by the manufacturer. They paid $
frez [133]

Answer:

$5,450

Explanation:

Data provided in the question:

List price of the machinery = $88,000

Discount offered = 10%

Amount of discount = 10% of $88,000

= 0.1 × $88,000

= $8,800

Shipping paid = $400

Sales tax = $4,900

Useful life = 10 years

Residual value = $30,000

Now,

Total cost of the machine = List price - Discount + Shipping + sales tax

= $88,000 - $8,800 + $400 + $4,900

= $84,500

Annual depreciation using straight line method is given as:

= \frac{\textup{Total cost - Residual value}}{\textup{Useful life}}

= \frac{\textup{84,500 -30,000 }}{\textup{10}}

= $5,450

8 0
3 years ago
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