Answer:
$584,000
Explanation:
The computation of the accumulated depreciation is shown below:
But before that following calculations need to be determined
Depreciation for 3 years = $1,056,000 ÷ 8 years × 3 years
= $396,000
Now the written down value is
= $1,056,000 - $396,000 - $96,000
= $564,000
For one year it would be
= $564,000 ÷ 3
= $188,000
Now the accumulated depreciation is
= $396,000 + $188,000
= $584,000
Answer:
Decrease by $80,000
Explanation:
The journal entries are shown below;
Retained earning Dr $80,000 (8,000 shares × $10)
To Common stock $40,000 (8,000 shares × $5)
To Paid in capital in excess of par $40,000 (8,000 shares × $5)
(Being the retained earning is recorded)
So by passing this journal entry we get to know that the retained earning will decreases by $80,000
Full question attached
Answer and Explanation:
Answer and explanation attached
Answer:
The correct answer is option D.
Explanation:
The law of diminishing marginal utility says that keeping other things constant, marginal utility derived from the consumption of a good will keep on declining with each additional unit consumed by the consumer.
The diminishing marginal utility is not applicable for comparison between two consumers or two goods. It is applied to consumption of a single good by an individual consumer.
The utility or satisfaction derived from a good is supposed to decline not increase with increase in quantity.
So, option D is the correct answer.
Variable costs are corporate expenses that vary in direct proportion to the quantity of output. Unlike fixed costs, which remain constant regardless of output, variable costs are a direct function of production volume, rising whenever production expands and falling whenever it contracts.
