Answer:
patent on the consolidated estament: 32,000
Explanation:
45,000 x 80% = 36,000
36,000 / 9 = 4,000 amortization per year
patent of Grand heaven
<u> debit credit </u>
36,000 recognize at purchase
4,000 december 31th amortization
32,000 balance.
Take 40 over a 100 as a fraction and 3000 over 1 as a fraction and multiply them. 3000 multiply by 40 is =120000 and divide that by 100 would be 1200
$1200
Answer:
correct option is a. common costs
Explanation:
solution
As common costs are those associated with operating a facility shared by the two departments
and here One facility located in Iowa and corn from the facility will be more further process into the corn for popping and the cornmeal
so as given cost at given costs at Iowa plant is common costs
so correct option is a. common costs
Answer:
Explanation:
The journal entry is shown below:
Inventory A/c Dr $73,500
To Accumulated depletion A/c $73,500
(Being the depletion is recorded)
The computation is shown below
First we have to compute the depletion per ton which is shown below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)
= $105
Now if 700 are extracted in first year, so the depletion would be
= 700 × $105
= $73,500
Answer:
using fisher formula: 7.53%
simple-method: 7.4%
Explanation:
the treasury bill will be a risk-free rate.
we will add the inflation premium to the real rate and get the nominal rate of the T-bill:
2.9 free-risk + 4.5 inflation premium = 7.4%
we could also solve using fisher formula for a more precise value:
rn = 1.029 x 1.045 -1 = 0.075305 = 7.53%
