Answer:
a. $84,300.
Explanation:
IAS-16 that deals with Property, Plant, and Equipment requires entities to capitalize those costs that needs to be incurred to bring the asset to its intended use or to get control of the asset in this case. Here such costs include:
- Purchase Price, Commission, Insurance, and Back Taxes.
Property Taxes due for the current year should be recognized in the Statement of Profit or Loss. This Amount of $1,000 is not capitalized because it is not necessary to pay it to gain control of the land. On the other hand, the back taxes must be paid because the company won't be allowed to transfer the land if there are any unpaid taxes, not of this year.
So, the Capitalized Cost of Land is $84,300 (75,000 + 4,500 + 800 + 4,000).
What the Honest Tea company’s employees are showcasing is a form of resistance to change. Resistance to change is a form of behavior that individuals and groups exhibit when they feel that a change that occur is threatening to them. This is displayed by the employees through their hostile comments regarding Coca Cola’s decision to purchase Honest Tea.
Thus, the best way for Seth Goldman to overcome this would be by showing visible support for the change, explaining how it would help Honest Tea serve its customers.
Controllable and fixed are types of monthly other expenses are the amount paid for landscaping.
<h3>What do you suggest through carrier landscape?</h3>
landscape services way offerings that result in a capital improvement to land other than systems of any kind in any respect, together with seeding, sodding, or grass plugging of new lawns; planting timber, shrubs, hedges, flowers; and clearing and filling the land.
A landscape includes the bodily elements of geophysically defined landforms including (ice-capped) mountains, hills, water our bodies inclusive of rivers, lakes, ponds, and the sea, dwelling elements of land cover which includes indigenous flora, human factors which include distinct types of land use, buildings, and structures,
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Answer:
C) cost of rebuilding roads damaged by trucks heavily loaded with goods
Explanation:
Externality is a microeconomic concept that aims to explain the positive or negative impact that an economic activity has on third parties. If by exercising an economic activity, a company indirectly benefits society or community, the externality is positive. If economic activity negatively impacts the surrounding community, externality is said to be negative.
For example, the pollution that an industry emits in the production process has deleterious effects throughout society, being a negative externality. Likewise, a truck causes potholes in the road, this is a negative externality, since all citizens' taxes, including most non-truckers, will be used to restore potholes in the roadway.
Answer:
$574
Explanation:
Given:
Beginning inventory 15 units @ $20 = 15 × 20 = $300
Purchases of 90 units @ $23 = 90 × 23 = $2,070
Purchases of $20 units @25 = $500
Total cost = 300 + 2070 + 500 = $2,870
Total units purchased = 15 + 90 + 20 = 125 units
Average cost = Total cost / total units purchased
= 2,870 / 125
= $22.96
Ending inventory units = 25
As per average cost method, value of ending inventory = 25 × 22.96
= $574