Answer with Explanation:
Tangible assets fall under the scope of International Accounting Standard IAS-36 Property, Plant and Equipment which says that assets that qualify following conditions, must be capitalized:
- Assets that have life expectancy of more than a year.
- Benefits of the Assets are controlled by the entity that will flow towards the company.
Now here, the life expectancy of laboratory equipment is unknown and also that we don't know if the asset can be resold in the market or not. This means, if the asset has life expectancy is no more than a year and that the future benefits will flow towards the company then it must be capitalized otherwise it must be expensed out as per the guidelines of International Accounting Standard IAS-38 Intangible Assets, which says that the research cost prior to the development expenditure must be expensed out.
The other two costs are revenue expenditure and must be expensed out under the name research and development cost as per the guidelines of IAS-38.
Answer: Monopolistic competition
Explanation:
This is a market in which large numbers of producer sells differentiated products in terms of quality or branding. The ability to differentiate the products makes it possible for the different firms to practice price discrimenation which is further strengthen through advertising of the product, the price differences may force a firm out of the market if the demand for it's products falls significantly.
Answer:
Engineer Brown has been engaged in providing consulting engineering services for a number of years as a sole proprietor. Because his practice was growing, he recently hired another engineer and decided to commence offering professional services under the name of Brown and Associates. In order to comply with the rules he must
Notify the Board office of the name change
Explanation:
Since it is the same company but just with change of name changes, notification to the company he render services for is only needed to avoid confusion about the authenticity of the company
The correct answer is C. Codes
such laws are called codified laws. Statues are similar but on a smaller scale and apply only to those who participate, while executive orders are created by the president in times of trouble.
This may be true or false depending on the situation.
Explanation:
If countering in the inflation, banks were giving negative values all the time to their consumers they would not survive in the game.
But this is not to say this is not a practice that has been done to the unsuspecting people who have wanted to invest money.
They are being given policies and rates that after countering inflation are actually in loss for them as they do not grow as much as the money would have devalued by then.
This is however quite rare and is a malpractice.
