Answer:
The machine will be recorded at 38,500
Explanation:
First we work the old machine numbers
<u>traded-out </u>
purchased 30,000
depreciation (22,500)
book value 7, 500
fair value 5,500 (A)
loss on disposal 2, 000 (diference between book value and fair value)
(A) the invoice has a cost 38,500 we paid 33,000 cash so the value of the old machine on this trasaction was 5,500
The transaction has commercial substance so we recognize the new machine at his fair value and recognize the loss on dispossal
<u>This would be the journal entry :</u>
machine 38,500 the machine enter the accounting at fair value
acc dep 22,500
loss on disposal 2,000 we recognize the loss on disposal
machine 30,000
cash 33,000
The answer i believe is A. common trade regulations
9514 1404 393
Answer:
gasoline
Explanation:
The price of gasoline rises dramatically when there is a perceived shortage. That price rise, in turn, causes producers to seek out sources of supply that previously had been considered uneconomical.
Answer:
b. Iowa has a comparative advantage in the production of corn.
Explanation:
Iowa's opportunity cost of corn means, for Iowa, the value of the products they need to give up in order to produce corn.
For example, given 2 crops, corn and banana, which have equal price.
Given the fixed amount of resources, to produce a ton of corn, Iowa has to give up 0.5 ton of banana, while Oklahoma has to give up 1 ton of banana. This means Iowa's opportunity cost of corn is lower that that of Oklahoma so Iowa has a comparative advantage in the production of corn.
Answer:
Kroger Grocery store
Target
Explanation:
Business-to-consumer market example
For example, clothing stores that advertise new fashions and garments that customers can purchase immediately in their stores can be classified as business-to-consumer companies. More examples include businesses like grocery stores, online retailers and cosmetics companies.