Answer:
$44,592
Explanation:
The book value of a building = Cost Price - Accumulated Depreciation
= $(251,060 - 109,510)
= $141,550
The present value of the non-interest-bearing note due on January 1, 2023 (or Discounted Cash Flow) =
FV/(1+i)^t
= $241,060/(1+0.09)^3
= $241,060/1.29503
= $186,142
Gain on Sale of the building = $(186,142 - 141,550) = $44,592
Answer:
differential cost
Explanation:
When you are elaborating a differential cost analysis between two alternative projects or actions, you are looking for the difference in total costs between both alternatives.
For example, you might elaborate a cost analysis to decide whether to continue or stop the production of a certain good. What are the costs associated with stopping the production versus thee profitability of continuing the production.
Answer:
The correct answer is e. a. and b.
Explanation:
Capital assets are assets of a permanent nature used in the production of income, such as machinery, buildings, equipment, land, etc. It must be distinguished from inventory.
Painting is a capital asset, but it is also a personal use activity asset sold at a loss. The loss is not deductible.
The information given is differentiated into either managerial accounting or financial accounting below:
- Main characteristic of data is that it must be reliable and objective = Financial accounting.
- Not governed by legal requirements = Managerial accounting
- Primary users are external (i.e creditors, investors) = Financial accounting
- Focused on the future = Managerial accounting
- Reporting is based mainly on the company as a whole= Financial accounting
- Reports are usually prepared quarterly and annually= Financial accounting
- Information is verified by external auditors = Financial accounting
- Focused on the past = Financial accounting
<h3>What is managerial accounting?</h3>
Managerial accounting is a method of accounting that creates statements, reports, and documents that help management in making better decisions.
Financial accounting is concerned with the summary, analysis and reporting of financial transactions related to a business.
Learn more about managerial accounting on:
brainly.com/question/4952511
Answer: A. True
Explanation: individual departments have their own overhead rates and allocation base in the departmental overhead rate method. While both rate methods are easy to implement, it is more convenient to use the departmental overhead rate method as it provides more accurate overhead costs and especially when different departments use overhead resources in substantially different ways.
The methods used in the departmental overhead rate method include:
1. Assigning overhead costs to departmental cost pools
2. Selecting an allocation base for each department
3. Compute the allocation rate for each department
4. Use the departmental overhead rates to assign costs to cost objects
