Answer:
The answer is A
Explanation:
Competitive environment is an environment where competitors compete with one another for customers.
For example, Westpac, NAB, Commonwealth Bank and ANZ are in the same competitive environment. These are banks in Australia.
Types of competition are perfect competition, monopoly, monopolistic competition, oligopoly etc.
Answer:
$264,930
Explanation:
Land is an asset, an item of property plant and equipment (fixed asset). As such it is recorded at historical cost which includes the cost of the land as well as other cost incurred in making the land available for use net of the income generated in the process of making the asset available for use. Other cost may have been incurred in the process of purchasing the land but only the cost necessary to make the land available for use are capitalized.
Hence, the capitalized cost of the land is:
= $250,000 + $12,600 - $1,690 + $540 + $3,800 - $320
= $264,930
The cost of insurance will be expensed.
Create test plan, develope scenarios, implement, summarize feedback, and retest.
