Answer: Here are a few other elements to consider:
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Answer:
c. $11,480
Explanation:
Given that
Cost recovery allowed Cost recovery allowable
Year 1 $16,000 $8,000
Year 2 $9,600 $12,800
Year 3 $5,760 $7,680
The computation of gain should Tara recognize is shown below:-
Cost $40,000
Less:
Greater cost of recovery
allowable or allowed
Year 1 $16,000
Year 2 $12,800
Year 3 $7,680 $36,480
Adjusted basis $3,520
Gain to be recognized = Residual value - Adjusted basis
= $15,000 - $3,520
= $11,480
So, for computing the gain to be recognized we simply deduct the adjust basis from residual value.
Answer:
b. The cost of materials decreased by $0.29 per unit, indicating an improvement.
Explanation:
We have to determine the material cost per unit which is shown below:
Material Cost per unit = Cost of material consumed ÷ number of equivalent units produced
For June, it would be
= $38,000 ÷ 4,000 units
= $9.5 per unit
For July, it would be
= $39,125 ÷ 4,250 units
= $9.21 per unit
So, the change in the cost of material is
= $9.5 - $9.21
= $0.29 per units
Answer:
c. $50,000.
Explanation:
Depreciation: The depreciation is a non-cash expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement.
The computation of the depreciation expense under the straight line method is shown below:
= (Original cost - expected salvage value) ÷ (estimated life of the equipment)
= ($360,000 - $60,000) ÷ (6 years)
= ($300,000) ÷ (6 years)
= $50,000
In this method, the depreciation is same for all the remaining useful life
Answer:
The answers are:
- It lowers the opportunity cost of going to college
- The demand for college rises.
Explanation:
The opportunity cost can be defined as what you lose because when decide to choose a different alternative.
In this case going to college means losing the possible revenue (salary) you can get by working. If you can´t find a job, then your possible (salary) decreases, so the cost of opportunity of going to college lowers. Therefore the demand for attending college increases.
