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Vikki [24]
3 years ago
6

Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca

use of technological changes. An entry to record the impairment should A. recognize additional depreciation expense for the period. B. include a credit to the equipment account. C. include a credit to the equipment accumulated depreciation account. D. not be made if the equipment is still being used.
Business
1 answer:
Alla [95]3 years ago
7 0

Answer:

C. include a credit to the equipment accumulated depreciation account.

Explanation:

Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.

In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

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What is the recovery period and depreciation method of a residential rental property located in a foreign country which was plac
snow_lady [41]

Answer: For residential rental property, the recovery period using GDS is 27.5 years. 2 If you use ADS, the recovery period for the same type of property is 30 years if it was placed in service after December 31, 2017, or 40 years if it was placed in service before that date.

Explanation: Is the good enough???

7 0
3 years ago
Simone is the only provider of pumpkins for three cities. Because she has her own large garden, the marginal cost to produce an
Ainat [17]

Answer: hi your question has some missing data attached below is the missing table

answer : $9

Explanation:

If Simone practices price discriminations across cities i.e. charging different prices across city  instead of charging a single price

<u>To determine the additional profit we will apply the formula below</u>

Profit made from charging different prices   -  profit made from charging a single price

= ( ( $11 * 4) + ( $9 * 4 ) + ( $10 * 5) )  - ( $11 * 11 units )  

= $130 - $121

= $9

Note : For a single pricing system Simone will sell only 11 units at a unit price of $11

while for different pricing system Simone will sell 4 units in city A at$11 , 4 units in City B at $9 ,  5 units in city C at $10

7 0
3 years ago
You are holding a stock that has a beta of 1.85 and is currently in equilibrium. The required return on the stock is 28.95%, and
Karo-lina-s [1.5K]

Answer: 41.90%

Explanation:

First calculate the risk free rate:

Required return = risk free rate + beta * (Market return - risk free rate)

28.95% = rf + 1.85 * (18% - rf)

28.95% = rf + 33.3% - 1.85rf

28.95% = -0.85rf + 33.3%

0.85rf = 33.3% - 28.95%

rf = 4.35%/0.85

rf = 5.12%

New required return;

Required return = risk free rate + beta * (Market return - risk free rate)

= 5.12% + 1.85 * (25% - 5.12%)

= 41.90%

3 0
3 years ago
A firm's database showed that the average value of all inventory items for the year was $7,650. The cost of goods sold was repor
Zinaida [17]

Answer:

We know the average inventory was 7,650 and the cost of goods sold through  out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.

If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.

76,500/50= 1,530

The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.

7650/1530=5

The company holds 5 weeks of supply in inventory.

Explanation:

8 0
3 years ago
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
Crank

Answer:

0.6

Explanation:

Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.

So, variable expense ratio is .6 or 60% (33,000 / 55,000).

Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.

So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).

7 0
3 years ago
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