Answer:
True
Explanation:
The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.
<span>Instructions for the proper handling of accounts receivable using notes held by bork furniture company as an example. Determine the due date by calandar day and year, and the maturity values of all said notes.</span>
B. That is the correct answer.
Answer:
Flat fee= fixed costs
Variable cost= rental plus
Explanation:
Giving the following information:
The Rent Expense for a 12-foot-long box truck, where Tamara's Trucks charges a flat fee of $150 per rental plus $0.79 per mile driven.
We need to determine what kind of costs are.
We know that fixed costs do not change with production variation. In this case, fixed costs don't change with milage. Therefore, the flat fee is a fixed cost.
Variable costs increase or decrease with variation in production. The total cost of rental plus varies with the number of miles. The rental plus is a variable cost.