In measuring an impairment loss for a financial asset under U.S. GAAP and under IFRS, the carrying value of the financial asset would be compared to:
under U.S. GAAP Fair value and under IFRS recoverable amount.
Explanation:
In US GAAP, the cost of financial asset depreciation is calculated as the difference between carried value and fair value; in compliance with IFRS, a loss of financial asset impairment is defined as the difference between carrying value and the percentage of the asset that can be recouped.
In compliance with US-based ASC 360-10-35-20. The recovery of a historically identified impairment loss (or "restoration") is forbidden because an item is deemed to have a new cost base after an impairment loss has been registered.
Answer:
C 503,980 dollars
Explanation:
![\left[\begin{array}{ccccc}&General&Physical&Sales&After-sales\\$General&&2,000&27,000&14,000\\$Physical&1,000&&38,000&7,000\\$Direct \: Cost&36,550&70,300&412,500&480,880\\$Allocate G&-36,550&1,700&22,950&11,900\\$Subtotal&0&72,000&435,450&492,780\\$Allocate P&0&-72000&60,800&11,200\\$Total&&&496,250&503,980\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26General%26Physical%26Sales%26After-sales%5C%5C%24General%26%262%2C000%2627%2C000%2614%2C000%5C%5C%24Physical%261%2C000%26%2638%2C000%267%2C000%5C%5C%24Direct%20%5C%3A%20Cost%2636%2C550%2670%2C300%26412%2C500%26480%2C880%5C%5C%24Allocate%20G%26-36%2C550%261%2C700%2622%2C950%2611%2C900%5C%5C%24Subtotal%260%2672%2C000%26435%2C450%26492%2C780%5C%5C%24Allocate%20P%260%26-72000%2660%2C800%2611%2C200%5C%5C%24Total%26%26%26496%2C250%26503%2C980%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We determinate each service deparment rate:
general: 36,550 / (2,000 + 27,000 + 14,000) = 0.85
we then assign cost of general department and repeat the process for physical
then for physical we do the same:
72,000 / (38,000 + 7.000) = 1.60
The amount of Doug's taxable income is <u>$27,700</u>.
<u>Explanation</u>:
<u><em>GIVEN</em></u>:
AGI = $35,000
State income taxes = $2300
Local property taxes = $3000
Medical expense = $800
Charitable contribution = $2000
Total deduction amount= State income taxes+Local property taxes+Charitable contribution
= 2300+3000+2000
= $ 7300
Total deduction amount= $7300
Taxable income= $35000- $7300
= $27,700
The amount of Doug's taxable income is <u>$27,700</u>.
Answer:
C
Explanation:
Job Analysis is mainly related to the skills and qualifications of the person doing the job, so this would allow leadership to see if a position is over or understaffed.
If a company increases its fixed costs for product b, then the contribution margin per unit will remain the same.
<h3>What is fixed cost?</h3>
- Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces.
- They frequently occur again and again, like monthly rent or interest payments.
- These expenses are often capital expenses as well.
- Contrast this with variable costs, which depend on volume (and are based on the quantity produced) and are unknowable at the start of the accounting year.
- Some variable costs are affected by the type of fixed costs.
<h3>What is company?</h3>
- A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
- Members of the company work together for a shared cause in order to accomplish clearly stated objectives.
Learn more about fixed cost here:
brainly.com/question/17100497
#SPJ4
