Options:A. The disposal group will be measured at the lower of carrying amount or fair value at the date
of the decision not to sell.
B. The results of operations of a reclassified component of an entity will be reported
prospectively in continuing operations.
C. Depreciation on individual reclassified long-lived assets is reflected in their measurement.
D. Any assets removed from a disposal group that are to be sold must continue to be measured
as a group.
Answer:C. Depreciation on individual reclassified long-lived assets is reflected in their measurement.
Explanation:A disposal group is a collection of assets or liabilities of an organisation that has been classified as held for sale. The depreciation of these disposal group may not be considered or measured, they usually measured According to a lower of carrying amount and fair value less costs to sell. They are presented separately in the statement of financial position. As a result of reclassification of the disposal group,the Depreciation on individual reclassified long-lived assets is reflected in their measurement.
Answer: FALSE
Explanation: In simple words, a lessor refers to an individual who , under a contract of lease, lets another individual to use his or her assets in return of any kind of rent or one time payment.
The individual who pays the rent in return of right to use the asset of the lessor is called a lessee. Lessor is actually the owner of the asset.
Hence the given statement is false.
Answer:
The correct answer is $550,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the breakeven points in sales dollars by using following formula:
Breakeven points in sales dollar = Total Fixed Costs ÷ Weighted Average Contribution Margin Ratio
Where, Weighted Average Contribution Margin Ratio = [15% × 0.80] + [30% × 0.20] = 0.18
By putting the value, we get
Breakeven points in sales dollar = $99000 ÷ 0.18
= $550,000
Answer:
$266,647
Explanation:
Total Moves = sum of total expected material moves of modular homes and prefab barns
= 580 + 180
= 760 Moves
Material handling cost allocated to Modular homes:
= (Expected total materials handling cost ÷ Total moves) × total expected material moves of modular homes
= ($349,400 ÷ 760) × 580
= $266,647
If the materials handling cost is allocated on the basis of material moves, the total materials handling cost allocated to the modular homes is closest to: $266,647
I think the answer is problem solver (but I’m not 100% sure)
