integrity, ability to analyze tax forms, and good math skills.
Answer:
Cost of new equipment is $3,360,000
It consist of price of new equipment and asset's installation, shipping and delivery cost.
Explanation:
Cost of equipment includes cost of acquisition and any installation, shipping or delivery cost.
Acme's cost of new equipment:
Acquisition cost = $3,200,000
Shipping and installation cost = $160,000
Total cost = $3,360,000
Note: This is not given in option but this is the answer as per the data given.
New equipment cost includes price of equipment plus installation, shipping and delivery cost of asset.
Answer:
Depreciation
Explanation:
Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.
The opportunity cost of defense budget in terms of private housing is $4666666.7 homes.
Opportunity cost is the cost of next best alternative foregone.
Formula to calculate the opportunity cost for defense budget in terms of private housing is:
= total defense spending/cost of a new home
= $700,000,000,000/$150,000.
In other words, we can say that we have to give up $4666666.7 homes when we are spending an amount of $700 billion on federal defense.
Answer:
I. Large amount of molten rock would rain down on Earth and cause massive forest fires.
and
IV. Thick clouds of carbon dioxide would form and block out the sun for an extended period.