Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)
Answer:
The correct answer is lower-class nonwhite.
Explanation:
The lower class is the poorest population segment of human society. It is characterized by having great gaps in its way of life and limitations in terms of access to economic resources. They are usually unemployed people, who do not own their own home or other goods or properties that are essential for living.
To this socioeconomic class belong people with very low educational levels, barely with primary education and some with secondary education. Some casual or independent workers also enter this class. Lower class families do not have good basic services in their homes.
Answer:
Letter B is correct
Explanation:
Technology is an engineering science that a company can use to generate methods, processes, studies, and tools to create new, innovative goods and services. It is an extremely important and impactful science worldwide, through technology it is possible to innovate and improve processes and people's lives.
If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 110 million, its real per capita output will have increased by about $167. This is further explained below.
<h3>What is real
per capita output?</h3>
Generally, The real gross domestic product per capita is a figure that is calculated by dividing the entire economic output of a nation by the total population of that country after adjusting for inflation.
In conclusion, If the actual production of a DVC goes from $200 billion to $260 billion and at the same time its population goes from 100 million to 110 million, then the real output per capita will have climbed by around $167.
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Answer:
Gain on retirement $4,200.00
Explanation:
The computation of the gain or loss on retirement is given below;
Carrying value of Bond $108,700.00
Less; Price at which bond is called $104,500.00
Gain on retirement $4,200.00
Simply subtracted the called price of the bond from the carrying value of the bond so that the gain on retirement is recorded
