I think the correct answer would be that the period's net income that is calculated would be overstated. Not accounting the salvage would mean that the calculated income is too much of what it really is since the depreciation value is miscalculated. Hope this helps.
Answer:
It is more likely to be the balance sheet of a property and casualty insurance company.
Explanation:
Answer: $0.79
Given:
C=Cost of the land: $1,981,300
S=Salvage value of the land: $267,000
N=Total number of ores mined= 2,170,000 tons
To get the depletion expense per ton of ore:
(C-S)/N
=($1,981,300-$267,000)/2,170,000
=1,714,300/2,170,000
=$0.79
Answer:
55 cents
Explanation:
75 cents each for a taco
$1,50 for two tacos (75×2)
80 cents for a medium drink
Total cost =1.50+0.80=$2.30
Additional taco =2.30+0.75=$3.05
Value meal =$2. 50
The marginal cost for Jordon to purchase an additional taco instead of the value meal =
3.05-2.50=55 cents
Answer: Factory overhead control
Explanation: Factory overhead is the account where the amount of cost incurred while manufacturing a product is recorded and no direct labour or material is recorded. When the manufactured goods are finished and produced they are recorded as expenses when the goods are sold as manufactured finished products.
All the expenses related to the factory are included in this account such as rent, utility, electricity, supplies, tools. Factory overhead is known as manufacturing burden or expenses.