Answer:
A) $4,900
Explanation:
Options are: <em>"A) $4,900 B) $5,000 C) $9,900 D) $14,900"</em>
<em></em>
Particulars Amount
Original cost $25,000
Damage $30,000
Lower of the two is $25,000
Less: Insurance reimbursement <u>$15,000</u>
Actual loss $10,000
Less: Deduction $100
Less: 10% of AGI (10% of 50,000) <u>$5,000 </u>
Final Deduction <u>$4,900</u>
Note: Flat $100 is deducted from this amount and also 10% of AGI, i.e 10% of $50,000 is deducted to finally arrive at the deduction.
Answer:
B. $497,000
Explanation:
Consolidated Balance of Equipment
Excess value at the acquisition $110,000
($350,000-$240000)
Book value as on Dec 31 2018 of Ford $170,000
Book value as on Dec 31 2018 of Regent $250,000
Less: excess depreciation <u>-$33,000 </u> ($110,000/10*3)
Consolidated balance of equipment <u>$497,000</u>
How will goods or services be produced? is the basic basic economic question does this decision answer in a free market economy.
<h3>What is a Market economy?</h3>
In a market economy, firms and individuals interact to determine how much goods and services should cost and how to best allocate scarce resources. This word often refers to an economy that is more market oriented overall, however there may be some government intervention or central planning.
Classical economists like Adam Smith, David Ricardo, and Jean-Baptiste Say created the theoretical framework for market economies. These traditional liberal proponents of the free market thought that the "invisible hand" of the profit motive and market incentives typically led economic decisions in directions that were more productive and efficient than government economic planning.
Learn more about market economy
brainly.com/question/11471834
#SPJ4
Answer:
$114.65
Explanation:
If you divide $687.89 by 6 months you'll get $114.64833333333333333 but if you simply you'll get 114.65 and you'll only pay $0.11 over.
Answer:
b. Government Cost Accounting Standards (CAS)
Explanation:
The process of government contracting is usually a very legal activity that requires contractors to be well qualified so as to receive the government contracts. There are certain principles that are required to be met on cost allowability, the principles include the Generally Accepted Accounting Principles (GAAP) and the nineteen principles of Government Cost Accounting Standards (CAS). These two principles are closely inspected by the government to make sure that the contractors adhere to them. The correct answer is B.
