1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s2008m [1.1K]
3 years ago
13

The following information relates to an asset Carlisle is using for the business as of December 31, 2024: Cost $600,000 Accumula

ted depreciation to date 201,250 Expected Future Cash Flows 350,000 PV Expected Future Cash Flows 257,603 Determine the impairment loss, if any, should Carlisle record at December 31, 2024.
Business
1 answer:
Andrews [41]3 years ago
3 0

Answer:

$141,147

Explanation:

An asset is said to be impaired when the carrying amount is more than the recoverable amount.

The recoverable amount is the higher of the value in use which is the present value (PV) of the future cash flows expected from the use of the asset and the fair value less cost to sell of the asset.

The recoverable amount

= $257,603

Since we are not given the fair value less cost to sell.

Carrying amount of an asset is the difference between the historical cost of the asset and the accumulated depreciation.

= $600,000 - $201,250

= $398,750

Impairment loss

= $398,750  - $257,603

= $141,147

You might be interested in
Which of the following statements about credit scores is TRUE?
Bad White [126]
I believe the answer is: All of the above

<span>- Credit scores reflect how likely individuals are to repay their debts.
(for example, your credit scores would get lower if you miss your credit card payments or always maxing your credit card limit)

- Credit scores range from the low 300’s to the mid 800’s.
( this standard is used by all credit companies across united states, as the scores got higher, The more likely the credit card holder will pay their due)

- Each person has three credit scores.
(one from equifax, one from transunion, one from Experian)</span>
5 0
3 years ago
Read 2 more answers
_______ is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given tim
vlabodo [156]

Answer: <u>"A. Just-in-time inventory"</u> is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given time.

Explanation: The Just in time system is an inventory maintenance policy at the lowest possible level where suppliers deliver just what is necessary at the time necessary to complete the production process. In this way, we seek to reduce the costs of maintaining higher inventories, purchasing costs, financing of purchases and storage.

3 0
4 years ago
The research and development department of a large manufacturing company would likely be organized as
zlopas [31]
The choices were <span>A. A profit center.  B. A cost center. C. A revenue center.
D. An investment center.

The answer is B. a cost center. 

Cost centers give profit to a company indirectly. It can come from human resources, the right people for the job are hired makes efficient work done carefully. Research and development is also a cost center because it can search for productive works and innovations that can help the company address its weaknesses. R&D can lower the budget cost and still maintain the quality of products.  </span>
6 0
4 years ago
Indicate whether each of the following news items is a positive or a normative statement.
Novosadov [1.4K]

Answer:

Positive statements are statements that describe things as they are, based on empirical evidence. Normative statements describe whether something is good or bad, desirable or undesirable. They can be recommendatios or opinions, or both at the same time.

1. Teenagers shouldn't be permitted to buy cigarettes - Normative statement. It finds teenage smoking as undesirable.

2. Nuclear energy is cleaner than coal and oil based energy - Postive statement. It is describing a fact, not explicitely saying whether nuclear energy is better or not (even if implicitily it might be saying so).

3. We need more police on inner dash city streets - Normative statement. This statement is finding that more police is desirable.

4. Netflix original programming is better than network TV shows - Normative statement. It is giving an opinion, but it's still a positive statement.

5 0
3 years ago
The produce people share program, which provides six million pounds of fresh fruits and vegetables to the impoverished poor, has
allochka39001 [22]

It has a people orientation, a principle under total quality management (tqm) in which the organization is focused on delivering value to customers. They focused on the people, specially the impoverished poor for their sharing of the fruits & vegetables.

6 0
3 years ago
Other questions:
  • As security becomes more important, most routers now have software that enables the network manager to create a(n) _______ that
    5·1 answer
  • What are the factors of production
    12·1 answer
  • Consider a market where production of a good generates a negative externality. In the market equilibrium:_________.a. there is n
    7·1 answer
  • You are trying to decide how much to save for retirement. Assume you plan to save $ 6,500 per year with the first investment mad
    11·1 answer
  • Which of the following items is reported in the statement of stockholders' equity?
    6·1 answer
  • Jerry deposited $10,000 in a bank account, and 10 years later he closes out the account, which is worth $18,000. The annual rate
    6·1 answer
  • Which type of promotion would you use to attract costumers quickly with the help of coupons, samples, and free gifts?
    5·2 answers
  • Noah Yobs, who has $62,000 of AGI before considering rental activities, has $70,000 of losses from a real estate rental activity
    15·1 answer
  • I need help in this it’s personal finance
    7·1 answer
  • many say that companies have a right to drug-test their employees because drug use impairs an employee's performance. how do des
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!