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Patent, is a legal document granted by the government giving an inventor the exclusive right to make, use, and sell an invention for a specified number of years.
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Answer:
Instructions are listed below
Explanation:
Giving the following information:
One company buys a new bulldozer for $136500. The company depreciates the bulldozer linearly over its useful life of 22 years. Its salvage value at the end of 22 years is $14400.
First, we need to find de depreciable value:
Depreciable value= 136,500 - 14,400= 122,100
Straight line depreciation= 122,100/22= 5,550
A)
V= book value - accumulated depreciation
V= 122,100 - X*5550
X= number of years
B) n=17
Value= 122100 - 17*5550= $27,750
Answer:
14,100 Units
Explanation:
<u>Calculation of Units completed in June:</u>
Units completed in June = WIP Beginning inventory + Units transferred in – WIP Ending inventory
Units completed in June = 3,900 units + 13,300 units - 3,100 units
Units completed in June = 14,100 Units
Economic Profit = Total Revenue - Total Costs
= Quantity * Price - Quantity * Average cost
= Q(P- AC)
Since economic profit is positive, it can be mentioned that P- AC is positive which tells us that P>AC or price is greater than Average cost.
What you mean by economic profit?
- The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss.
- Economic profit is determined by subtracting opportunity costs and explicit costs from earned income.
What is the role of economic profit?
- Economic profit is important since it makes it possible to evaluate the profitability and financial performance of a company.
- It demonstrates a company's ability to pay its bills and generate profit for its investors. By this standard, brands are only deemed successful when they generate income for all parties.
Learn more about economic profit
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