or landfills accounted for as enterprise funds, a portion of the estimated cost of closure of solid waste landfills should be charged as an expense and a liability of the landfill operation each year on a Units-of-production method.
The unit of production approach is a way to figure out how much an asset's value depreciates over time. When an asset's worth is more closely correlated with the quantity of units it creates than the duration of time it has been in use, it becomes useful. This strategy frequently results in more depreciation deductions being made in years when the asset is heavily used, which can then balance out years when the equipment is not being used as much. This strategy is especially used for assets like machinery or manufacturing equipment that go through a lot of wear and tear based on actual use per unit.
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Answer and Explanation:
Answer and explanation attached
Answer:
$88,000
Explanation:
The computation of the pension expense for the year is shown below:
Service Cost $100,000
Add: Interest Cost $60,000 ($750,000 × 8%)
Add: Amortization of prior service cost $6,000
Add: Amortization of net loss $2,000
Less Expected return on plan assets $80,000 ($800,000 × 10%)
Pension Expense $88,000
We simply deduct the expected return on plant assets and the other values would be added to the service cost so that the pension expense could come
When the first time a corporation sells stock to the general public, it is referred to as an initial public offering.
An initial public offering (IPO) is when shares or stocks of a private corporation are offered to the public in a new stock issuance for the first time. An initial public offering gives the private firm opportunity to raise equity capital from public donors. This action converts the private corporation into a public organization. This is a way for the original investors and founders to realize the full profit from their original investments.
To hold an initial public offering the corporation must meet the requirements of the security and exchange commission (SEC). Investment banks are usually hired by the company to handle the whole process and price market, gauge demand, and set the IPO share prices and dates. An IPO provides corporations with a lot of capital and gives them a chance to grow and expand their horizons.
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Answer:
C.$1300.................:)
