The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.
If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.
Which of the following is an example of irregular income?
A. A full-time job
B. A part-time job
C. A graduation gift
D. Both b and c
The answer is C
Answer: chemical fertiliser refers to any number of synthetic compound substances created specifically to increase crop yield.
Some examples of chemical fertilisers are ammonium sulphate, ammonium phosphate, ammonium nitrate, urea, ammonium chloride.
Answer:
$4500
Explanation:
We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.
Opportunity cost = $20/hour x 200 Additional hours
Opportunity cost = $4000
Total change in benefit = Annual salary - Opportunity cost
Total change in benefit = $8500 - $4000
Total change in benefit = $4500
Answer:
A finance charge is the cost of borrowing money, including interest and other fees. It can be any fee representing the cost of credit, or the cost of borrowing.
Explanation:
