Answer:
$40,160.
Explanation:
Total appraisal value = $55,500 + $50,200 + $19,300 = $125,000
Weight of land in the appraisal value = $50,200 ÷ $125,000 = 0.4016, or 40.16%
Amount to include in the accounting record = $100,000 × 40.16% = $40,160
It’s better to buy a home instead of renting a home because when you rent, your paying someone else’s mortgage! Whereas when you buy a home, you’re paying your own mortgage not someone else’s. It’s also better to buy a house because when you rent, you can’t change anything about the house because it’s essentially not yours. For example, if you wanted to plant s tree in the backyard of your rented house, you wouldn’t be able too because it’s not your yard. Whereas if you bought your house, you could do whatever you want to it because it’s yours.
I hope this helped! :-)
Answer:
Annual depreciation= $25,375
Explanation:
Giving the following information:
Purchase price= $109,200
Salvage value= $4,200
Useful life in miles= 120,000
<u>To calculate the depreciation expense, we need to use the units-of-activity method:</u>
<u></u>
Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles operated
<u>2018:</u>
Annual depreciation= [(109,200 - 4,200) / 120,000]*29,000
Annual depreciation= 0.875*29,000
Annual depreciation= $25,375
Supply is an economic term that refers to the amount of a given product or services that suppliers are willing to offer to consumers at a give price level at a given period.
Answer: D) A custom built house
Explanation:
Job Order Costing determines the cost of each specific good instead of grouping them all together. When making goods that vary in type, this is the best type of costing method to use as it will take into account the unique cost objects used.
Custom built houses will require cost objects that are different from standadized houses. A specific design will have to be used, non standard material and the like will be used as well. This means that when computing cost, it will have to be specific to the needs of the custom house so it is most probable that Job Order Costing was used.
