Answer:
Annual depreciation= $10,160 a year
Explanation:
Giving the following information:
Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (77,980 - 6,860)/7= $10,160 a year
Correct question: Making counterfeit copies of Gucci purses, Tommy Hilfiger sportswear, and other international brands
is pervasive in China because laws protecting intellectual property are unclear and sporadically enforced. Even when sanctions are applied, sanctions are minimal, typically consisting of confiscation, a warning, a public apology, and perhaps a fine. Moreover, copying enjoys a long tradition in China and does not carry a stigma. A business introducing a product into China needs to know that its ___________ may lead to trademark infringements.
A. religious precepts
B. antecedent states
C. moral idealism
D. societal culture and norms
E. utilitarianism
Answer:
D, societal culture and norms.
Explanation:
because copying doesn't exactly have a law forbiding it but rather that it is seen as a form of art in china, the societal culture and norms of china makes it a normal for any new business coming into the country to resigns its fate to having copies of its products flooding the chinese market as soon as possible and such company can't sue for intellectual or copyright infringements.
Answer:
The correct answer is B. $1,800.00
Explanation:
LIFO Perpetual table is attached.
The table shows purchases, sales and balance of each period.
As the final inventory is 120 units, we suppose the sales of the year. Applying LIFO, our ending inventory cost is 120 units, each one at $15
So, total cost is $1800 (120* 15)
Answer:
D) Must be reported in a presentation that includes the components of other comprehensive income and their total.
Explanation:
Comprehensive income (net income plus other comprehensive income) must be reported in a presentation that includes the components of other comprehensive income and their total.
