Answer with its Explanation:
On February 14, the repairment of transmission is the repair and maintenance cost and hence it must be accounted for as an expense.
The Double entry would be:
Dr Repairs and Maintenance Expense $2,300
Cr Cash $2,300
On the same date, the installation of GPS system is an addition of an asset in the delivery truck hence it must be capitalized.
The Double entry would be:
Dr Delivery Van $450
Cr Cash $450
Answer:
A. ($1,000).
Explanation:
In the question, it is given that the fair market value of the land is $49,000 and the selling value is $48,000. So, in the given situation the selling value of the land is less than the fair market value which reflect the loss of $1,000
The $1,000 is come by subtracting the selling value and the fair market value
All other information is not relevant for the computation part. Hence, ignored it
The condition for a profit maximising point is where MR = MC.
When MR is greater than MC, the firm should increase production to take hold of the extra profit, therefore Mara should increase production.
Hospice care
Care designed to give supportive care to people in the final phase of a terminal illness and focus on comfort and quality of life, rather than cure. The goal is to enable patients to be comfortable and free of pain, so that they live each day as fully as possible.
The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.
