Answer:
(B) $38,446,000
Explanation:
Assuming a linear depreciation model, depreciation will occur at the same rate each year. Since the total after 15 years is 90% of the original value, the percentage depreciated per year is given by:
The book value (V) of this purchase after the first year will be:
Therefore, the answer is (B) $38,446,000
Answer:
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Explanation:
Retail businesses can include grocery, drug, department and convenient stores. Service related businesses such as beauty salons and rental places are also considered retail businesses.
Answer:
A fixed asset register is a detailed list of all fixed assets which are owned by a business. Its main purpose is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.
Explanation:
Software designed for real estate agents is an example of vertical market software. The vertical market software is type of software focused on <span>specific industry or market and their needs.
Horizontal market software on the other hand can be used in </span><span>a wide array of industries.</span>
In a process cost system, the application of factory overhead usually is recorded as an increase in work in process inventory control.
<h3>
What is the process costing system?</h3>
- When a large number of similar products are manufactured, a process costing system accumulates costs.
- A process costing method is used by any large-scale firm who produces huge quantities of identical commodities.
- A petroleum refinery is a perfect example of a process costing environment since it is hard to trace the cost of a specific unit of oil as it passes through the refinery.
learn more about costing system refer:
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