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vekshin1
3 years ago
6

A purchased limited-life intangible asset ________ amortized and is impairment tested using ________. (a)is; the recoverability

test and then the fair value test.(b)is not; the fair value test only.(c)is not; the recoverability test and then the fair value test.(d)is; the fair value only.
Business
1 answer:
Pani-rosa [81]3 years ago
7 0

Answer: Option A

Explanation: Assets having no physical existence are called intangible assets for example :- goodwill, patent rights.

Amortization can be defined as the method of distributing the value of intangible assets over its useful life, thus for amortization the asset must have a definite life.

While amortizing , first its recoverability is evaluated by comparing fair value with carrying value and after that the difference in both is calculated.

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Suppose a negative externality exists in a market. if transactions costs are low and parties are willing to bargain then, accord
soldier1979 [14.2K]

Under these conditions an efficient solution can be reached regardless of the initial assignment of property rights.

3 0
2 years ago
Sandy earned a salary of $50,000 last year. Her parents gave her a car valued at $23,000 for her birthday. In addition, she earn
IgorLugansk [536]

Answer:

$51,200

Explanation:

Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.

Therefore, Sandy's gross income consist of her salary, and the interest income

Sandy's Gross income = 50000 + 1200

                       = $51,200

The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.

5 0
3 years ago
How do society, politics, and culture affect HRM?
saul85 [17]

Explanation:

Human resource management is responsible for attracting, retaining and helping employees to develop skills that will contribute to an organization achieving its objectives and goals.

Therefore, this strategic business area is directly impacted by society, politics and culture, as human capital in companies is increasingly valued in companies, as today's society is more connected and more informed, which requires companies to adapt to increasingly developed and organized standards with respect to labor relations.

The globalized world directly impacted the relationship between the employee and the company, as it is necessary to stand out in an environment where there is so much competition, and this is also included in the area of ​​human resources, because through an effective HR management, it is possible to capture and retaining talent for the organization that adapts to a world where there is greater interaction, greater need for innovation and vision.

The policy is also essential for the protection of employees and their rights, which means that HR must not only comply with legislative requirements for hiring, but also offer benefits that exceed those required, so that candidates are attracted to work in a company well positioned in the market.

8 0
3 years ago
Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbishe
trasher [3.6K]

Answer:

Revenue variance    $1800<u>  </u>Favorable

Explanation:

<em>Revenue variance is the difference between the actual revenue and the standard revenue from the actual units sold. It is can be determined as follows:</em>

Revenue variance                                                            

                                                                                                $

Revenue from 32 units  (32× 3,800)                                121,600

Actual revenue                                                                   <u>123,400</u>

Revenue variance                                                            <u>   1800  </u>Favorable

Revenue variance    $1800<u>  </u>Favorable

8 0
3 years ago
A major advantage of the corporate form of ownership is ______. Multiple choice question. unlimited legal liability ease of form
irinina [24]

The major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

The corporate form of ownership means a business/organization that is operating as a legal entity, that is, it is run separate from the parties who own it.

In other word, the corporation which operates as legal entity is created for purpose of operating for profit for individuals, stockholders, shareholders etc

<u>Some </u><u>advantages </u><u>of </u><u>corporation </u><u>includes</u>

  • Owners has limited liability.
  • The easy transfer of ownership.
  • The corporations usually lasts forever.

In conclusion, the major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

Read more about this here

<em>brainly.com/question/1705632</em>

5 0
2 years ago
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