Answer:
D. iv only
Explanation:
Depreciable cost is defined as the difference between acquisition cost of the assets less the salvage value.
Depreciable cost = Acquisition cost - Salvage value.
Depreciable cost refers to the amount invested in the asset which will be depreciated over the useful life of the asset. While calculating depreciable cost, salvage value is subtracted from the acquisition cost. Since salvage value reduces the investment made in the asset.
Answer:
To Martin Oral b toothbrushes are shopping offerings.
Explanation:
First of all offerings are nothing but the goods and services which are designed by firms in such a way that they deliver values to the consumers.
Shopping offerings are that type of offerings for which a consumer ( like Martin in this case ) would make an effort to do comparison between certain products of two different brands , to see which one is right for him ( like in this case oral b is for Martin ) and that too at the right price.
Answer:
Huffman Corporation
Income Statement for the year end December 31, xxxx
Service revenue $13,900
Less: Expenses
Salaries expense $3,100
Advertising expense <u>$700 </u>
Total Expenses <u>($3,800)</u>
Net Income <u>$10,100</u>
Explanation:
Following account are the balance sheet accounts, so these are not used in the preparation of income statement.
Retained earnings 3,700
Cash $ 4,200
Equipment 10,700
Common stock 7,900
Accounts payable 2,250