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3241004551 [841]
2 years ago
6

Indicate whether or not each expenditure would be included in the cost of acquisition for each item below. The answer box provid

es two options, Yes (if the expenditure would be included ) or No, (if the expenditure would not be included.) Group of answer choices Cost testing materials and labor in testing a purchased machine before use Yes Compensation for injury to construction worker [ Choose ] Cost of overhaul to a used machine purchased before initial use [ Choose ] Cost of tearing down a building on newly acquired land [ Choose ] Repairs to a new machine damaged while moving it into place for use.
Business
1 answer:
sineoko [7]2 years ago
3 0

Answer:

Cost testing materials and labor in testing a purchased machine before use

Answer: Yes

Reason: The cost of materials and labor used in testing a machine can be capitalized.

Compensation for injury to construction worker

Answer: No

Reason: Compensation for injury to construction worker is not a capitalized expense.

Cost of overhaul to a used machine purchased before initial use

Answer: Yes

Reason: Cost of overhaul is a Capital expense because it was required to bring the machine to usable condition.

Cost of tearing down a building on newly acquired land

Answer: Yes

Reason: Cost of Tearing down a building is considered as capital cost for Land and should be added to the Land account.

Repairs to a new machine damaged while moving it into place for use

Answer: No

Reason: Repair costs are generally not capitalized.

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Kansas Company acquired a building valued at $162,000 for property tax purposes in exchange for 12,000 shares of its $3 par comm
Neko [114]

Answer:

$228,000

Explanation:

Value of the building

= Market price of the shares x Number of shares exchanged

= 12000x$19

=$228,000

8 0
2 years ago
The following account balances were taken from the 2009 post-closing trial balance of the Bowler Corporation: cash, $5,000; acco
Juliette [100K]

Answer:

Please refer to the attached file

Explanation:

Please refer to the attached file.

Note that Asset must equal equity plus liability

5 0
3 years ago
All of the following are examples of body language except:
miskamm [114]

Answer:

using humor to describe a situation

4 0
2 years ago
Read 2 more answers
Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of
Andreyy89

Answer:

B.utilizing its total assets more efficiently than Sam's

Explanation:

Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of 1.15 and a total asset turnover rate of 0.88. Both companies have similar operations.

Based on this information, although Sam seems to be utilizing its fixed assets more efficiently, <u>Dee's must be doing utilizing its total assets more efficiently than Sam's</u>

<u>The fixed asset turnover ratio is an efficiency ratio that measures a companies return on their investment in property, plant, and equipment by comparing net sales with fixed assets. In other words, it calculates how efficiently a company is a producing sales with its machines and equipment.</u>

Dee's has a total asset turnover rate of 0.91 compared to a total asset turnover rate of 0.88 by Sam. Hence Dee's efficiency is higher.

5 0
2 years ago
Best Buy does not play loud music in its stores, based on feedback that women don’t like it. A woman who arrived at Best Buy aft
ivanzaharov [21]

Answer:

D) Problem removal

Explanation:

Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.

Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.

Women Will have a good and problem removal experience in Best Buy Store.

Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.

7 0
2 years ago
Read 2 more answers
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