Answer:
C. Expense
Explanation:
The interest during construction can be capitalized through the bulding and depreciate along with them.
In this case the interest occurs after the completion of construction so are considered expense of the period.
It should be considered interest expense.
Answer:
$107,000
Explanation:
Total amount transferred to finished goods inventory = Opening Work in process + All direct expenses - Closing Work in process.
Here Opening Work in process = $8,000
All direct expenses = Raw Material + Labor + Overhead = $34,000 + $41,000 + $36,000 = $111,000
Closing work in process = $12,000
Amount transferred to finished goods inventory = $8,000 + $111,000 - $12,000 = $107,000
$107,000
$5,500
This is the maximum deductible contribution for people under 50 in 2016, 2017, and 2018 tax years. (For people 50 and over, the max deductible is $6,500)
Answer:
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Level is the answer.
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