Answer:
The $900,000 should be capitalized in the government-wide statements
Explanation:
The amount which is to be capitalized in the financial statement should be an asset or an expense that is not showing in an income statement.
In the given question, the construction cost of a new storage facility is $900,000 plus it has $25,000 interest on short term notes.
So, $900,000 should be capitalized, and $25,000 would not be capitalized because it is of short term period which is shown in the income statement.
Answer:
U-shaped
Explanation:
Since the marginal product of labor is decreasing, the average variable costs and marginal costs will be increasing at all points, but the average fixed costs will be decreasing. That is why the average total costs (which includes both variable and fixed costs per unit) will be U-shaped since they will fall at the beginning when the decrease in marginal product of labor is small, bu then will increase as the marginal product of labor falls even more.
Answer:
Database Management System
Explanation:
The DMS is a software that is used for improving data sharing, provision of security by limiting access of data to authorized people, integration of the data with other systems and many more. This provides a greater access and control of data to the user of this software.
Answer:
A condition that may cause a fee simple absolute to become a fee simple defeasible is:
The owner gifts the property to another entity
Explanation:
Jane holds a landed property as a fee simple absolute, therefore, she has absolute ownership. This implies that her ownership of the property lasts forever unless she transfers it. Jane can do whatever she wants with the property. It is unlike a defeasible fee, which is simply a fee simple interest in land which Jane can lose by the occurrence of a specified event.
Answer:
regressive
Explanation:
A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.
On the other hand, progressive taxes increase as the income level of the taxpayers increases.
