It would be amortized.
Tangible assets are depreciated (like equipment). Natural resources are depleted (like minerals).
12 I think is the answer it has jus been answered in my test
Answer:
financial advantage: $3 per unit on average
Explanation:
total production cost $22
- Direct materials $8
- Direct labor $7
- Variable manufacturing overhead $1
- Fixed manufacturing overhead $6
outside supplier offered 7,000 units at $16 per unit
50% of fixed costs can be eliminated
produce the item purchase the item
units 7,000 7,000
purchase price $112,000
production cost $154,000
<u>unavoidable costs $21,000 </u>
total $154,000 $133,000
net savings $21,000
savings per unit $3
Answer:
1. Acquired cash from the issue of common stock. - Assets (I) Liabilities (NA) Equity (I)
2. Paid cash to reduce the principal on a bank note. - Assets (D) Liabilities (D) Equity (NA)
3. Sold land for cash at an amount equal to its cost. - Assets (NA) Liabilities (NA) Equity (NA)
4. Provided services to clients for cash. - Assets (I) Liabilities (NA) Equity (I)
5. Paid utilities expenses with cash. - Assets (D) Liabilities (NA) Equity (D)
6. Paid a cash dividend to the stockholders. - Assets (D) Liabilities (NA) Equity (D)
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Answer:
Explanation:
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