Answer with Explanation:
Tangible assets fall under the scope of International Accounting Standard IAS-36 Property, Plant and Equipment which says that assets that qualify following conditions, must be capitalized:
- Assets that have life expectancy of more than a year.
- Benefits of the Assets are controlled by the entity that will flow towards the company.
Now here, the life expectancy of laboratory equipment is unknown and also that we don't know if the asset can be resold in the market or not. This means, if the asset has life expectancy is no more than a year and that the future benefits will flow towards the company then it must be capitalized otherwise it must be expensed out as per the guidelines of International Accounting Standard IAS-38 Intangible Assets, which says that the research cost prior to the development expenditure must be expensed out.
The other two costs are revenue expenditure and must be expensed out under the name research and development cost as per the guidelines of IAS-38.
Based on the descriptions of the economy, the type of economy that country b has is a developed economy.
<h3>What is a developed economy?</h3>
A developed economy is an economy characterised by high GDP, high rate of GDP per capita, high level of technological advancement and favorable laws that encourages the development of businesses.
Examples of developed economies are United States, Switzerland.
To learn more about developed economies, please check: brainly.com/question/19496739
#SPJ4
Answer:
The correct option is C (marginal revenue is less than $9)
Explanation:
If the price of a commodity is lowered because you have some kind of monopoly over the industry, this shows that the marginal revenue is lower than the new selling price. This is simply because marginal revenue is that revenue gained when you produce one more unit of a product, and hence there is no way that this value would be greater than the new selling price. You would be selling at a loss if you do so.
Answer:
Stimulate; discourage.
Explanation:
Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.
This ultimately implies that, depreciation is a process which typically involves the general fall in the value of an asset such as currency, plant equipment or machinery etc over a specific period of time.
Basically, in a floating exchange rate system, a fall or decline in the value of a currency with respect to another currency is generally referred to as currency depreciation. Currency depreciation can stimulate or improve a country's export value, if the depreciation occurs gradually and in an orderly manner because it will make the exported goods cheaper to the foreign customers. Thus, this would encourage willing investors to invest in the economy of that particular country.
Hence, if the currency of your country is depreciating, this should stimulate exports and discourage imports because currency depreciation increases a country's trade deficit (balance of trade) by enhancing the competitiveness of locally manufactured (domestic) goods in foreign markets (countries) and consequently, making foreign goods to become more expensive due to its lesser competitiveness in the domestic market.
Answer:
Equivalent units for materials are 68,400 units
Equivalent units for conversion are 66,800 units
Explanation:
Eighted average costing adds the value of beginning invventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Material
Equivalent Units = 62,000 + 8,000 x 80% = 68,400 units
Conversion
Equivalent Units = 62,000 + 8,000 x 60% = 66,800 units
