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Answer:
By informative communication
Explanation:
In simple words, if any customer has a particular brand in his or her mind while shopping then the best to way to interact with hem is to support their desire and inform them as much as you can for their product. By doing so you indulge them in a mutual relationship and they will be fully engaged in the process. After that one can offer them other products of different brands.
According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.
- In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method.
- The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.
Therefore, cost method helps in recording acquisition of a fixed asset .
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Answer:
Pretax less by $ 2,000
Explanation:
Under LIFO, Goods that were purchased last are sold first.
Opening stock: 300 @ $ 10
Additional purchases: [email protected] 20
Units sold: 1200.
Scenario one: with 1000 new purchases
=(1000x20)+ (200X10)
=$20000+2000
=$22,000.00
Scenario two: With 1200 as new purchases
=12000x20=$ 24,000
The difference= $ 24,000-$22,000= $2,000.00
Pre tax profit less by $2,000.00
Answer:
$18,750
Explanation:
Adjusted basis of the barn $90,000
Less Insurance (71,250)
Loss $18,750
The fair market value of the barn before the fire was $75,000 ×95% barn insured barn of its fair market =$71,250
Therefore the amount of loss she can deduct on her tax return for the current year will be $18,750