Answer:
Amount recorded will be $95000
Explanation:
We have given that company purchased a land for $80000
Accrued taxes on the property = $12000
Incurred $5000 to remove an old building
And salvage value = $2000
We have to fond the amount for the land recorded in the accounting record
So the amount will be = $80000+$12000+$5000 -$2000 ( salvage value ) = $95000
So amount recorded will be $95000
Answer:
information exchange
Explanation:
Information exchange refers to the action of passing information from one person to another. This can be done in person, using the phone, video calling or emails or other types of electronic messages.
In this case, Bob is anxious because Anna is not exchanging information with him promptly. Instead she is wasting both her and his time by chatting with other employees.
Answer:
Los procesos que intervienen en la formación del relieve son los procesos endógenos y Exógenos. Los procesos endógenos son los procesos que se dan en el interior de la cortesa terrestre, como son el movimiento de las placas tectónicas, los desplazamientos continentales, entre otros.
Answer:
It is a relatively easy method to apply.
Explanation:
When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.
But here, the parent company uses, initial value method for internal reporting.
Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.
There is no statutory requirement to follow such initial value method for internal reporting.
The correct reason therefore, is:
It is a relatively easy method to apply.
