Answer:The answer is in the explanatory column
Explanation: The items considered relevant and irrelevant for Barnum Enterprise to make decision whether to replace or not is given
1. Orginal cost of computer being considered for replacement----Relevant
2. Accumulated depreciation taken on old computer being considered for replacement-----Irrelevant
3. Estimated annual operating costs of the new computer being considered for purchase---- Relevant
4.Trade-in value received for old computer being considered for replacement----- Irrelevant
Any Costs that were incurred in the past and cannot be changed is irrelevant and termed sunk costs.
Expected future costs which differ among alternatives are relevant and should be considered
<h2>•→ <u>Gross Profit </u><u>Margin </u>•→</h2>
#→<u> </u><u>Gross margin</u> is the difference between revenue and cost of goods sold (COGS), divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold (e. g. production or acquisition costs, not including indirect fixed costs like office expenses, rent, or administrative costs), then divided by the same selling price. "Gross margin" is often used interchangeably with "gross profit", however the terms are different: "gross profit" is technically an absolute monetary amount and "gross margin" is technically a percentage or ratio.
<h2>•→ <u>Net Profit </u><u>Margin </u>•→</h2>
#→<u> </u><u>The net profit margin</u>, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.
<h3 /><h3>I Hope This Helps You... </h3>
Answer:
$219,084
Explanation:
The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.
Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.
Hence the cost of the land
= $196,981 + $18,718 + $3,885 - $500
= $219,084
Answer:
The options for answering this question are the following:
to. book value at date of transfer if higher than the fair value at date of transfer
b. cost, regardless of the fair value at date of transfer
c. fair value at date of transfer, regardless of its cost
d. lower of its cost or fair value at date of transfer
The correct answer is c. fair value at date of transfer, regardless of its cost
Explanation:
The fair value is the price that would be received for the sale of an asset or would be paid for the transfer of a liability in an orderly transaction in the main market (or more advantageous) on the date of measurement under market conditions present (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique.
The main market price (or more advantageous) used to measure the fair value of the asset or liability will not be adjusted by the transaction costs Transaction costs will be accounted for in accordance with other IFRS. Transaction costs are not a characteristic of an asset or a liability; rather, they are specific to a transaction and will differ depending on the way in which An entity performs a transaction with the asset or liability.
Transaction costs do not include transportation costs. If the location is a characteristic of the asset (such as the case, for example, of a quoted raw material), the price in the main (or more advantageous) market will be adjusted for costs, if there would be, which would be incurred to transport the asset from its present location to that market.