Answer: The cost of the equipment is $66,500.
Explanation: Under IAS 16 Property, Plant and Equipment, the cost of an asset comprises:
- purchase price plus import duties and taxes
- any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management
- the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located
In the question, $60,000 was the purchase price, the transportation cost of $1,000 was necessary to bring the asset to the location intended by management, $3,000 was the sales tax and the installation cost of $2,500 was also necessary for the asset to function as intended by management. So all these costs would be capitalized as the cost of the equipment as $66,500.
The right answer is none of the above, its Bonds payable.
<span>It is important to still maintain network relationships even after you
have found a job because it is useful in building career. In addition, should
you decide to build your own business, your network will help you achieve
success. Connection with people is the key in achieving your career and business
goals. It is essential that you build and nurture it even after you are hired. </span>
Answer:
C) the use of the Internet, the Web, and mobile apps to transact business
Explanation:
E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways
1. Business to customer = B2C
2. Business to business = B2B
3. Customer to customer = C2C
And many more
By using mobile applications, the customer could easily order their products that are to be shown in different applications
Therefore the option C is correct
Answer:
b.9%
Explanation:
Formula for annual rate of return formula is as follows;
Annual rate of return = [ (New value/ Initial value)^(1/t) ] -1
t = the total holding period of investment = 12 years
Old value = 22,000
New value = 62,000
Next, plug in the numbers to the formula;
Annual rate of return; r = [ (62,000/22,000) ^(1/12) ] -1
r = [2.8182 ^(1/12)] - 1
r = 1.0902 -1
r = 0.0902 or 9%
