Answer: $170,000
Explanation:
According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.
But when a person sold the asset then he will consider the fair market value.
Answer:
The correct answer is A. Dashboard
.
Explanation:
A board contains all the information necessary to carry out the decision-making process in the best way, since in the case of Bethany, who is not very expert in technology, it allows her to execute her work efficiently and without risks of not taking into account information. relevant. This information can be modified at any time depending on the circumstances.
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<span>Jaxon can deduct in year 0 if his business uses the cash method of accounting for tax purposes $750 under either cash or accrual method of accounting. Jaxon can only deduct two months of interest ([$4,500/12] Ă— 2) because prepaid interest is not deductible under either method of accounting.</span>
Answer:
$23,602
Explanation:
For computing the estimated total fixed cost, first we have to determine the variable cost per unit which is shown below:
Variable cost per unit = (High cost of sales - low cost of sales) ÷ (High units sold - low units sold)
= ($59,000 - $29,400) ÷ (2,200 units - 360 units)
= $29,600 ÷ 1,840 units
= $16,09
And, the fixed cost equal to
= High cost of sales - (High units sold × Variable cost per unit)
= $59,000 - (2,200 units × $16.09)
= $59,000 - $35,398
= $23,602
