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3 years ago

Land was acquired in 2018 for a future building site at a cost of $40,000.

Business

1 answer:

maw [93]3 years ago

3 0

Answer:

(A) $40,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price

Since in the question, the land was purchased at $40,000. Moreover, for the tax purpose, the land is valued at $27,000 and the qualified appraiser appraise the value at $48,000. The cash payment is also offered for $46,000

But at the time of recording or reported, the balance sheet would show at the purchase price i.e $40,000

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Answer and Explanation:

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3 years ago

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D) Reducing Risk is the answer

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3 years ago

The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a prod

AysviL [449]

Answer:

Explanation:

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And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

Before preparing the income statement, first, we have to compute the net loss or net income which is shown below:

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3 years ago

Design capacity minus allowances such as personal time and maintenance is known as _____.

Alenkasestr [34]

Design capacity minus allowances such as personal time and maintenance exists comprehended as effective capacity.

Effective capacity is the design capacity less any deductions for maintenance and personal time.

<h3>What is effective capacity?</h3>

Design capacity is less personal and other allowances equal effective capacity. Product and service characteristics have a significant impact on capacity.

The rate of a facility's production capabilities is its capacity. People who are concerned must pay close attention to capacity decisions since they affect practically every aspect of operations. It is significant because it establishes the ideal production rate and unbroken production run.

The maximum quantity of work that a company may accomplish within a specific time frame under the conditions of quality issues, delays, material handling, etc. As a substitute for capacity management, the phrase is also used in corporate computers and information technology.

To learn more about effective capacity refers to:

brainly.com/question/13853551

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