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erica [24]
3 years ago
9

A company recently moved to a new building. The old building is being actively marketed for sale, and the company expects to com

plete the sale in four months. Each of the following statements is correct regarding the old building, except:
A. It will be reclassified as an asset held for sale.
B. It will be classified as a current asset.
C. It will no longer be depreciated.
D. It will be valued at historical cost.
Business
2 answers:
lana66690 [7]3 years ago
6 0

Answer:

D. It will be valued at historical cost.

Explanation:

Building held for sale is classified as current asset and it will not be depreciated further as it will be sold in near future. It will be recorded on the lower of cost and fair market value of the building and appears on the balance sheet in current account section. So the statements is correct regarding the old building, except D. It will be valued at historical cost.

Juli2301 [7.4K]3 years ago
6 0

Answer:

D) It will be valued at historical cost.

Explanation:

A company must include under property, plant and equipment (PPE) assets that they are currently using, but those put on sale must be reclassified as assets held for sale. Since the company expects to close the sale within a four month period, it can include it under current assets. Also, assets that are held for sale are no longer depreciated, since they are not being currently used and probably another asset is replacing them.

The asset must also be recorded at the lower of its book value (historical cost - depreciation) or net realizable value (fair market value - selling costs).

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Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based
deff fn [24]

Answer:

$1,330,102.50

Explanation:

first unit produced by lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies

the second unit took 3,250 hours and used $187,500 worth of materials, equipment usage, and supplies

learning rate = time needed to produce second unit / time needed to produce first unit = 3,250 hours / 5,000 hours = 65%

materials and equipment usage rate = $187,500 / $250,000 = 75%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Lambda's accumulated cost for producing 10 more computers

  • work hours = 3,250 x 4.341 (65% and 10 units) x $20 per hour = $282,165
  • materials and equipment = $187,500 x 5.589 (75% and 10 units) = $1,047,937.50
  • total = $282,165 + $1,047,937.50 = $1,330,102.50

5 0
3 years ago
Dear Mr. Dunlap: Subject: Your Request for Invoicing Process Information I am happy to let you know that I can answer your quest
Lyrx [107]

Answer: False

Explanation:

It is not an effective beginning for a direct reply letter. Although the message does include a clear and specific subject line that is located below the salutation, it does not place the most important information first in the opening of the message

7 0
3 years ago
astrid is starting a new job that involves a lot a driving, and she wants to have a comfortable new car with the latest gadgets.
Mama L [17]

Answer:

She better lease a car for work.

Explanation:

The most significant distinction between a lease and a rental agreement is the length of time they are valid for. In most cases, a rental agreement is for a short length of time (typically 30 days), but a lease contract is for a longer amount of time (generally 12 months, although 6 and 18-month leases are also frequent). So it's better to lease a car because you can use it longer.

4 0
2 years ago
Which is not one of the pressing issues facing the future of delinquency prevention?
jeka57 [31]
<span>The long delays before childhood intervention programs showing a reduction of delinquency is not one of the issues. Ethical concerns over early intervention, the stigmatization that occurs when labeling children and families "delinquent," and the ease at which these programs have expanded are all issues that have taken place in the recent past.</span>
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3 years ago
Metadata describe the data characteristics and the set of relationships that links the data found within the database.
Tpy6a [65]

<u>True.</u> The "Data about Data" database, which is used to integrate and manage end-user data, contains a set of relationships between the data that are described by metadata.

<h3><u>What is metadata?</u></h3>

Metadata is defined as "data about data" or "data that describes other data." In technological circles, the prefix "meta" usually refers to "an underlying definition or description." Metadata facilitates locating and dealing with data by enabling the user to sort or locate particular documents.

Author, creation, and modification dates, as well as file size, are some instances of basic metadata. Unstructured data like pictures, videos, web pages, spreadsheets, etc. are also utilized with metadata. Meta tags are a common way for web pages to contain info.

Meta tags for keywords and descriptions are frequently used to describe the content on a web page. This information can be used by search engines to better comprehend a page's content.

Learn more about metadata with the help of the given link:

brainly.com/question/14699161

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2 years ago
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