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kirza4 [7]
3 years ago
8

Calloway Company recorded a right-of-use asset of $790,000 in a 10-year finance lease. The interest rate charged by the lessor w

as 10%. The balance in the right-of-use asset after two years will be:
Business
1 answer:
enot [183]3 years ago
5 0

Answer:

$632,000

Explanation:

The computation of the amount of balance in the right of use asset after two years is shown below:

Balance in right of use asset after 2 years is

= Recorded value - ((Recorded value × rate of interest) × number of years)

= $790,000 - (($790,000 × 10%) × 2)

= $790,000 - ($79,000 × 2)

= $790,000 - $158,000

= $632,000

hence, the balance is $632,000

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Katen [24]

Answer: Option B

       

Explanation: Safeguarding inventory refers to keeping proper records of inventory and protecting it from any kind of damage that may result in loss to the organisation.

The main objective behind safeguarding inventory is to minimize loss of the organisation that is keeping it.

In the given case, second option is the purchase return and it could not be considered a default of the purchaser of inventory.

Hence from the above we can conclude that the correct option is B.

8 0
3 years ago
A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 20
nadezda [96]

Answer:

correct option is a. Land

Explanation:

given data          

land costing =  $400,000        

subsidiary 2017 = $450,000      

land credit = $50,000        

                 

solution            

While when we consolidating  land that will  appear in the group asset at the amount of 450,000.  

so here the appreciation in the value of land is not  realized gain .

so that there will be  credit to land with 50,000

so correct option is a. Land

5 0
3 years ago
parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof. Of Sam par
disa [49]

Answer:

$14.50

Explanation:

Given;

Charge for first 2 hours = $5.00 and

$0.75 for each additional half hour or part thereof.

If he parks his car for 8 hours, then the first 2 hours will be charged at a rate of $5.00

Time left to charge is 6 hours. This will be charged at a rate of $0.75

Therefore cost to Sam for parking his car for 8 hours

= (2 × $5) + (6 × $0.75)

= $10 + $4.50

= $14.50

Sam paid $14.50 for parking.

7 0
3 years ago
explain the factors that makes marketing and important business activity towards economic development of a nation ​
V125BC [204]

Marketing is promoting and selling goods and services. On a national level, it is promoting and selling the outputs or products of one country to another country.

4 0
3 years ago
Place holders are...
Leokris [45]

place·hold·er

[ˈplāsˌhōldər]

NOUN

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a significant zero in the decimal representation of a number.

a symbol or piece of text used in a mathematical expression or in an instruction in a computer program to denote a missing quantity or operator.

linguistics

an element of a sentence that is required by syntactic constraints but carries little or no semantic information, for example the word it as a subject in it is a pity that she left, where the true subject is that she left.

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4 years ago
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