a. depreciated over the period from acquisition to the date the hotel is scheduled to be torn down.
b. written off as a loss in the year the hotel is torn down.
c. capitalized as part of the cost of the land.
d. capitalized as part of the cost of the new hotel.
capitalized as part of the cost of the land.
Answer: Option C.
<u>Explanation:</u>
Since the land of the hotel is going to be the same on which the new hotel is going to be built, the cost of the hotel would be capitalized as the cost of the land of the new hotel that is to be built on the same land on which the hotel middleburg was built.
It was written in the books as the capitalized cost of the land because the land of both the hotels are going to be the same.
Answer:
The answer is D. $38.00 NAV per share.
Explanation:
Please find the below for detailed explanations and calculations:
We have the net asset value of a Fund is equal to its Market Value taken way its liabilities.
Thus, for Capitalist Mutual Fund's portfolio, the total net asset value= Total market valued - Total Liabilities = 77,700,000 - 5,500,000 = $72,200,000.
Net asset value per share = Total net asset value / Total number of outstanding share = 72,200,000/1,900,000 = $38.00 NAV per share.
Thus, the answer is D. $38.00 NAV per share.
Answer:
Households supply their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms.
Explanation:
Circular flow model is defined as an economics model that shows major exchanges in the form of flow of money, goods, and services between economic agents. In this scenario the economic agents are households and firms.
Such flows are usually opposite in direction, correspond in value, and are in a closed circuit.
This relationship between households and firms is exemplified by households supplying their resources to the firms in the factor markets and, in turn, demand in the product market the goods and services produced by the firms.
Answer: Internal auditor
Explanation: Internal auditor refers to the audit professionals in an organisation. The internal auditor ensures that the operations of the business are within the boundaries of laws and regulations made.
In the given case, Morris was evaluating the financial statements and detected that employees funds are not managed as per the regulations. He also reports the violation to his supervisors.
Hence we can conclude that Morris is an internal auditor.