Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
Answer:
..
Explanation:
Well he did what was asked on the contract so Sam should pay and therefore yes he can enforce the contract
Answer:
So, here are seven steps for writing a perfect business plan.
Research, research, research.
Determine the purpose of your plan.
Create a company profile.
Document all aspects of your business.
Have a strategic marketing plan in place.
6. Make it adaptable based on your audience.
Explain why you care.
Explanation:
Answer:
The correct answer is C
Explanation:
Due process states or means the legal processes or procedure which need to take into account or consideration the legal rights of their citizens. This process is classified through providing or offering the people with fair as well as impartial process and also with the guarantees, though protecting the citizens right through law.
For example, in this case, the Centre City, they could not present the prison sentence without any trial to any person as they might be breaking the law, as everyone has the right of the due process and to be treated equally as well as fairly.
Answer:
Hire temporary employees to work on specific projects.
Explanation:
Human resource management is the process by which a business effectively manages its manpower needs to meet its organisational goals at a reduced cost to the business.
It involves the various strategies used to hire employees to meet business needs in a cost-effective way.
The construction division has a highly seasonal workload, with fewer projects in the winter than in the summer. Also, different expertise is needed for different kinds of buildings. So hiring a permanent workforce is counterproductive as they will be paid when there is no work to be done. The best strategy is to hire temporary workers. Also there is need for specialised staff to work on specific projects.
