Answer:
The company will amortize the cost over 6 years.
Explanation:
Intangible assets which have a useful life that is either indefinite or identifiable.
The assets having identifiable useful lives, are amortized on the basis or method of straight-line over the legal or the economic life, which ever is short.
The assets having indefinite useful lives are assessed every year for the impairment. And the impairment losses need to evaluated by deducting the market value of the asset from the carrying value.
So, in this case, the asset has legal life of 8 years and on contract is 6 years, the company will amortize the asset over the 6 years as the intangible asset have identifiable useful lives, therefore, need to amortized over legal or economic life, which ever is shorter.
Hence, legal is 8 years and economic life is 6 years, so the short is 6 years.
I believe the answer is <span>rent ceilings reduce the quantity and quality of available housing
Rent ceiling refers tot he maximum amount of Rent Payment that could be used in a certain area.
When apartment of owners are required to put rent ceiling, they tend to cover up the profit in any other way (such as reducing the service of the housing or using cheap materials to arrange the furnitures)</span>
Answer:
try to solve their issue or do whatever the hell you're supposed to
Answer:
d. who is very intelligent.
Explanation:
An opportunity cost refers to the opportunities that are sacrificed when choosing to take another opportunity. In this case, the opportunity cost would be highest on a high school graduate who is very intelligent. That is because instead of going to college they could use that time to take up another opportunity that would make them more money than a college education ever could.
Answer:
Sales volume variance $2,380 favorable. The net effect on profit of AR-10's sales is that it will increase profit by $2,380
Explanation:
The sales volume variance is calculated as the difference between the budgeted and the actual sales volume multiplied by he standard profit per unit
Standard profit per unit = 6,120/3,600=$1.7
Unit
Budgeted sales units 3,600
Actual sales units <u> 5,000 </u>
Sales volume 1,400
Standard profit per unit <u> × $1.7</u>
Sales volume variance <u> 2,380 </u>Favorable
Sales volume variance $2,380 favorable
The net effect on profit of AR-10's sales is that it will increase profit by $2,380