Explanation:
As we know that the inventory should be recorded at the lower cost or net realizable value whichever is lower
And, the same is shown on the attachment which is attached below:
The net realizable value for each products is computed by
= D - C - E
The DCE are the rows of the attached spreadsheet
And, the proper unit value for each products is as follows
Product Lower of cost or NRV
D 92
E 75
F 73
G 43
H 61
I 44
Answer:
$6424
Explanation:
The bond interest expense for the year ended December 31 of the first year is
Interest Expense = $88,000 * 7% = $6160
Amotization Expense = ( $88000 - $85360) / 10 years = $264
Total Bond Interest Expense = $6160 + $264 = $6424
Answer: Norman has a good title to the car
Explanation:
Norman is the original owner of the car, the car was stolen from him, every other person only has a stolen car.
Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.
