<u>Answer:</u>Those assets that can’t be touched or seen but that have value are called intangible assets.
<u>Explanation:</u>
Intangible assets are the assets which do not have a physical existence to touch or see. Some of the examples of intangible assets are Goodwill, intellectual property, copyrights, patents etc. These assets are in contrast to physical assets which can be moved , touched or seen examples are land, machinery, building cash etc.
Intangible assets are also considered as the long term assets. Though these assets do not have physical existence they have a value. They also help to improve the value of other assets.
Promotion is the best way to market your product
Answer:
It is acknowledging a cultural symbolism about the number 13
Explanation:
A cultural symbol is an object, a behavior or a word that has a particular meaning in a culture. In Germany the number 13 is considered an unlucky number and they prefer not to use it and this is a cultural symbol. So, according to this, the answer is that the firm is acknowledging a cultural symbolism about the number 13.
Answer:
$46,571
Explanation:
The cost price is $500,000
The residual value is $ 11,000
Useful life is 7years
The depreciable amount will be cost price -residual value
=$500,000 - $11,000
=$489,000
Depreciation expense per year on the straight-line method will be
=$489,000/7
=$69,857. 14
After three years, the total depreciable amount will be 69,857.14 x 3
=$209,571.42
New book value after three years will be 489,000 - 209,571.42
=$279,428.58.
Useful has been adjusted to nine years. Three years have passed. Four years remain plus two added years meaning six years to go.
Depreciation from the 4th year will be
=279,428.58/6
=$46,571
Answer:
The correct answer is letter "D": the unit product costs of high volume products typically decrease and the unit product costs of low volume products typically increase.
Explanation:
Activity-Based Costing is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. Activity-Based Costing is primarily used in the manufacturing sector to make a better calculation of the real cost of production per unit. Unit product costs of high-volume products typically decrease and unit product costs typically increase with low-volume products after adopting the activity-based costing system.
