Answer:
$1,080,000 asset
Explanation:
Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset
Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.
The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.
Explanation:
Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.
Usage means the potential of consumers to buy goods and services at certain prices.
It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.
Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.
Answer:
capitalize the new cost as an asset to be amortized over future periods expected to benefit
Explanation:
A capitalized cost is a cost which is added to the cost basis of a fixed asset on a company's balance sheet. This Capitalized costs are sustained from the purchase or construction of fixed assets. Example of such costs are costs of materials, sales taxes, labor, transportation, and interest incurred to finance the construction of the asset.
This is usually done for items that would be used over a long period of time, therefore the item is capitalized and amortized or depreciated over its future periods.
Assets are items or properties that you own, and that are valuable to you. Liabilities are things that you have to pay for as a result of you using something. So, having that in mind, Quincy's liabilities are rent, student loan, and utilities, whereas his assets are cash, stocks, and jewelry.
He gets cash when he finishes his work, he gets money from stocks, and he has his jewelry that he either bought or got as a gift that he can sell for money.
Answer: Option (b) is correct.
Explanation:
Correct : by eliminating the need to travel to stores to shop.
Internet literally reduced the search cost by saving the travel time of the consumers to the shopping stores. Now days, almost all the consumers prefer to buy products online instead of travelling here and there for the products.
Buying products from the stores involves certain costs such as travelling cost, waste of time, miscellaneous,etc.
Hence, internet facility helps in reducing these kind of costs, that's why in today's world mostly people rely more on internet for shopping and all instead travelling to the stores.
