What are the following assets
Answer:
There is a positive adjustment of $5,200
Explanation:
Medical expenses
$2,500
State income taxes
$0
Charitable contributions
$5,000
Qualified housing interest
$6,000
Casualty loss
$1,800
Miscellaneous itemized deductions
$0
Total
$15,300
There is a positive adjustment of $5,200
Answer:
$22,750
Explanation:
Data provided
Fixed manufacturing overhead = $16,500
Units produced = 5,000
Variable manufacturing overhead = $1.25
The computation of the total amount of manufacturing overhead cost is shown below:-
Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead
= $16,500 + (5,000 × $1.25)
= $16,500 + $6,250
= $22,750
As in banks, probably Credit Unions
Answer:
Remaining Useful Life of the Asset = 7 years
so correct option is d. 7 years
Explanation:
given data
plant asset purchased = $75,000
salvage value = $15,000
Depreciation Expense = $5,000
Accumulated Depreciation = $25,000
to find out
remaining useful life of the plant asset
solution
we know that Remaining Useful Life of the Asset is express as
Remaining Useful Life of the Asset = Historical Cost ÷ Annual Depreciation Expense ...............................1
put here value we get
Remaining Useful Life of the Asset = 
Remaining Useful Life of the Asset = 
Remaining Useful Life of the Asset = 7 years
so correct option is d. 7 years