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Mashutka [201]
3 years ago
8

An improvement made to a machine increased its fair value and its production ca capacity by 25% without extending the machine's

useful life. The cost of the improvement should be:___________ a) allocated between accumulated depreciation and the machine account. b) capitalized in the machine account c) expensed d) debited to accumulated depreciation.
Business
1 answer:
aliya0001 [1]3 years ago
5 0

Answer: B. Capitalized in the machine account

Explanation:

To capitalized an equipment or asset in this case a machine, is to put the equipment on the balance sheet of expensing. When a piece of equipment is bought for $500 , rather than to report it as a $500 expense immediately, it will be listed in the balance sheet as a $500 asset.

The machine in this case the machine increased it production capacity by 25% without expanding its useful life, the cost of improvement is " capitalized in the machine account ".

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Tax preparation software can help prepare and file your
madreJ [45]

<u>Tax preparation software</u> can help prepare and file your taxes by " <u>posing questions to collect the necessary information."</u>

This is because Tax preparation software is designed to give step-by-step, question and answer format to gather the necessary information to prepare your income taxes.

There are various types of tax preparation software, some of which include the following:

  • TurboTax

  • H&R Block

  • TaxAct

  • E-file

  • FreeTaxUSA

Hence, in this case, it is concluded that the correct answer is option B. "<u>posing</u><u> </u><u>questions to collect the necessary information."</u>

Learn more here: brainly.com/question/6779776

3 0
3 years ago
Miller and Sons' static budget for 10,300 units of production includes $36,800 for direct materials, $48,500 for direct labor, v
Alborosie

Answer:

b. direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900

Explanation:

\left|\begin{array}{c|c|c|c}$Item&$Cost for 10,300 Units&$Unit Cost&$Cost for 13900 Units\\--&--&--&--\\$Direct materials&\$36,800&\dfrac{36800}{10300} &\dfrac{36800}{10300}\times 13900$ Units=\$49662\\\\$Direct Labor&\$48,500&\dfrac{48500}{10300} &\dfrac{48500}{10300}\times 13900$ Units=\$65451\\\\$Variable Utilities&\$7,500&\dfrac{7500}{10300} &\dfrac{7500}{10300}\times 13900$ Units=\$10121\end{array}\right|The Supervisor's Salary is a fixed cost.

Therefore, a flexible budget for 13,900 units of production would show:

  • Direct materials of $49,662,
  • Direct labor of $65,451,
  • Utilities of $10,121
  • Supervisor salaries of $14,900
8 0
3 years ago
On January 1, 2018, Album Co. issued $200,000 of ten-year bonds. Interest is payable semi-annually on June 30 and December 31. T
Mrac [35]

Answer:

12%

Explanation:

Album Co. paid $12,000 for interest, and that is the stated interest of the bonds.

Stated interest = $12,000 / $200,000 = 6% semiannually, therefore the annual stated interest is 6% x 2 = 12%

The stated rate is applied to the face value of the bonds, regardless of their selling or trading price.

6 0
3 years ago
Suppose that Robin withdrawals $100 of cash from her checking account at Trendy Bank and uses it to buy a camera from Adam, who
kupik [55]

Answer:

The alternative including its query is presented throughout the explanation section below.

Explanation:

(a)

The strategic petroleum insufficiency should also be,

= 100-0.10\times 100

= 90

This means that the financial institution would have to start reducing its loan payments as well as currency exchange by $90.

(b)

Yes, you can significantly raise your loan deposit accounts secure manner. Early years setting throughout Serenity Bank would be increased, therefore the proportion of total reserves would indeed be $90.

The margin requirement of spending in the market hasn't started to change since the percent impact would be similar. Robin's account was whittled down by $100, as well as Adam's payment was continued to increase whilst also $100. So there's no modification throughout the monetary policy.

5 0
3 years ago
An individual has $32,000 invested in a stock with a beta of 1.1 and another $48,000 invested in a stock with a beta of 1.3 If t
blagie [28]

Answer:

The beta of the portfolio is 1.22

Explanation:

In calculating the beta of the whole portfolio, we can calculate the weighted average beta of each stock .The sum of all weighted betas give the beta of the entire portfolio.

Beta of portfolio=amounted in first stock/entire amount invested*beta of the first+amount invested in second stock/entire amount invested *beta of the second stock

Beta of portfolio=($32000/($32000+$42000))*1.1+($48000/($32000+$48000))*1.3

Beta of portfolio=1.22

4 0
3 years ago
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