It would be amortized.
Tangible assets are depreciated (like equipment). Natural resources are depleted (like minerals).
There are blanks to fill in the paragraph.
A memorandum evidencing an oral contract must give some indication that the parties agreed "voluntarily" to the terms. under most state laws, the writing also must name the parties and identify the "subject matter", the consideration, and the essential terms with "reasonable" certainty. in addition, contract for land must state the "<span>price" </span>and describe the property with sufficient "<span>clarity" </span>to allow the terms to be determined without reference to outside sources.
Answer:
0.33
0.5
Ted
Explanation:
Ted's opportunity cost = 20 / 60 = 0.33
Tom's opportunity cost = 15 / 30 = 0.5
A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.
Thus, ted has an opportunity cost in washing cars.
I hope my answer helps you
Answer:
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Explanation:
Concord Company
Journal entry
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Estimated Liability on Purchase Commitments = ($1,024,100 – $978,600) = $45,500
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