so,nominally,................... (copied by :- @-Venkatesh Rao cheap tricks-)
Answer:
e. 10,500 units.
Explanation:
<em>the equivalent units of production - direct materials</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
<em>the equivalent units of production - conversion costs</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
Answer:
The amount of the impairment loss for this asset is <u>$110,000</u>
Explanation:
A assets is impaired when the fair market value of that assets lowers than the book value of the asset.
To calculate the impairment of an assets following formula is used
Impairent = Book value of Asset - fair market value of the asset
Placing values in the formula
Impairent = $700,000 - $590,000
Impairent = <u>$110,000</u>
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