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expeople1 [14]
3 years ago
10

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Business
1 answer:
kompoz [17]3 years ago
7 0

A. Industry Practice - 3

B. FASB Concept Statements - 3

C. Codification - 1

D. Textbooks - 3

E. Authoritative rules and principles for U.S. GAAP for similar transactions - 2

F. International Financial Reporting Standards (IFRS) - 3

G. SEC rules and interpretive releases - 1

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A property owner installs a new air conditioning system. how does this affect the property's effective age?
Rama09 [41]

The effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

<h3>What is a Property's Effective Age?</h3>

The effective age of a property can be described as the reflection of the true life of the property that is left remaining, based on the life expectancy that is typical of equipment or buildings that are similar to it and their usage.

So, when a property owner installs a new air conditioning system on a property, the air conditioning system, can cause wear and tear to the property which reduces how long the property can serve its purpose.

Therefore, we can conclude that the effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

Learn more about a Property's Effective Age on:

brainly.com/question/16490794

#SPJ4

6 0
2 years ago
A university is trying to determine what price to charge for tickets to football games. at a price of ​$30 per​ ticket, attendan
sammy [17]

Xmax = -44545.45 / -363.63 = 122.50

^ are there any options or you have to type in the answer?

3 0
3 years ago
Where are did spain settle in
Natasha2012 [34]
Christopher Columbus discovered the Jew World, but did not know that it was an unknown world. Because of his voyages, Spain was ablemto settle in present-day Florida and Mexico. Spain also settled down in most of Latin America. Also, Spain settled in half of South America. Although, now al of the places they settled in have revolted and gained independence from Spain, or were sold to other countries and later got their independence.
6 0
3 years ago
A Qdoba and a Baja Fresh both close down. They were both very near by a Chipotle. Now that Qdoba and Baja Fresh are gone, what d
Kitty [74]

Answer:

They were not allowed in advance of this investigation

7 0
4 years ago
​matthew's fish fry has a monthly target operating income of​ $7,200. variable expenses are​ 60% of sales and monthly fixed expe
slamgirl [31]

Given, Operating income = 7,200

Fixed expenses = 1800

Let the target sales be assumed to be X

Sales = 7200 + 1800 + 0.6*Sales

X = 7200 +1800 +0.6X

X-0.6X = 9000

0.4X =9000

X = 22,500

Target Sales = 22,500

Break even point = Fixed Costs/(Price -Variable cost)

Break even point = 1,800/(1-0.6) = 1,800/0.4 = 4,500

Break even point =4,500

Margin of Safety = (Target sales - break even point)/ Target Sales

Margin of Safety = (22,500-4,500)/22,500 = 18,000/22,500 = 0.8 = 80%

Margin of Safety =80%

7 0
4 years ago
Read 2 more answers
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