Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.
FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.
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I think the answer is price, but I don't know
Answer:
$300
Explanation:
<u><em>From Equipment Account we get :</em></u>
Cost of Equipment Sold = $12,000 - $8,200 = $3,800
<u><em>From Accumulated Depreciation Account we get :</em></u>
Accumulated Depreciation = $2,200 + $1,200 - $2,700 = $700
<u><em>Using Amounts above to prepare a Disposal Account - Equipment we get :</em></u>
Cash Proceeds = $3,800 - $700 - $2,800 = $300
Conclusion
The selling price of the equipment $300
The type of market segmentation used by the editorial board
of gamers’ page is an example of psychographic segmentation in which is an advantageous
method in the business or marketing field as it allows them to focus on
specific ideas such as their designs. It is a way of dividing specific topics
or areas in marketing into segments with the use of factors that could describe
each. It could be seen in the paragraph above as sports and gaming are
segmented in which they target people who enjoys games.
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Depreciation of money would occur, meaning that the cost of an item would increase.
