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FinnZ [79.3K]
3 years ago
15

FIFO and LIFO are two common methods used to compute the depreciation of tangible assets. True or false?

Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

The statement is false

Explanation:

The statement is false as the both the methods that is LIFO and FIFO are the methods of inventory valuation, not for computing the depreciation.

As LIFO (Last in first out), this method involves the inventory which is purchased last is expensed first whereas FIFO (First in first out), this method of inventory valuation, involves the inventory in which the inventory which is purchased first is expensed first.

For computing the depreciation for the tangible assets involves straight line, diminishing or double declining methods.

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Using this table, calculate the marginal cost of each of
alexandr402 [8]

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

=$210 -$160

=$50

The seventh bike

=seventh - sixth

=$270 -$210

=$60

5 0
3 years ago
Working on a song for someone I used to love
maxonik [38]

Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol

Explanation: great job

6 0
2 years ago
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
Dan would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much d
Ket [755]

Answer:

$13,241

Explanation:

From the data we were given in the question:

future value = fv = $1,500,000

time = t  = 30 year

rate = r = 8%

We are required to find out How much does he need to invest to achieve his goal

solution

future value = principal ( 1+ rate)^(t-1)  / rate

1500000 = principal (1 + .08)^(30-1)/ 0.08

we make principal, p, subject of the formula.

principal = 1500000  / ( (1 + .08)^(30-1)/ 0.08 )

Principal = 1,500,000 / 113.2832

principal =  13241.15

so Dan needs to invest $13241

6 0
3 years ago
g "If the unit sales price is $16, variable costs are $4 per unit and fixed costs are $14,000, how many units must be sold to ea
lutik1710 [3]

Answer:

14,500

Explanation:

Income = Total revenue - Total cost

Total cost = total Fixed cost + Total variable cost

total Fixed cost = $14,000

Total Variable costs = variable cost per unit x quantity = $4q

Total cost = $14,000 + $4q

Total revenue = price x quantity = $16q

$160,000 = = $16q - $14,000 - $4q

$174,000 = $12q

Q = 14,500

I hope my answer helps you

4 0
3 years ago
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