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Basile [38]
3 years ago
11

The term applied to the periodic expiration of a plant asset's cost is

Business
1 answer:
Burka [1]3 years ago
4 0
<span>The term applied to the periodic expiration of a plant asset's cost over its life in a balanced and orderly way is depreciation. It is not process for valuation nor is process that results in gathering of cash. Land expenses are not subject to depreciation.</span>
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On January 1, 2021, Laramie Inc. acquired land for $9.6 million. Laramie paid $2.9 in cash and signed a 6% note requiring the co
Alexxandr [17]

Answer:

$9.6 million

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The amount Laramie would record in its books of account in respect of the land acquisition cost is the sum of the cash paid now and the notes payable .

That effectively gives acquisition cost of $9.6 million ($2.9 million+$6.7 million).

The interest payable on the notes payable of $6.7 million would be treated as expense in the income statement of years 2021 and 2022 respectively without being added to the acquisition cost since it is a revenue expense and should not be capitalized.

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When solving for a present value, all cash flows should be discounted from the A : future to the present. B : the past to the fu
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During the 2001 anthrax scare, the U.S. government threatened to disregard Bayer%u2019s patent of ciprofloxacin, the most effect
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Consider the following explanation

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8 0
3 years ago
what is the level of interdependence among departments (finance, marketing) in a business school? what kinds of coordination mec
bearhunter [10]

Following are the three levels of interconnectedness that affect organizational structure:

<h3>What is the Parsons Thompson model?</h3>

The three layers or levels of the Parson and Thompson model describe what occurs in the enterprise and how a process or activity serves a particular goal.

Here is a summary of Thompson's levels of interdependence:

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brainly.com/question/26895062

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5 0
1 year ago
Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a
ryzh [129]

Answer: See explanation

Explanation:

Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150

The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:

= $31,300 + $31,900 + $32,150

= $63,232

5 0
2 years ago
Read 2 more answers
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