Answer:
medium of exchange hope this helps
Answer:
<u><em>Total expenses 936,500</em></u>
depreciation 291,500
wages expense 645,000
Explanation:
Assuming the depreciation are calculate base on straight line or that their output is lineal through the year:
It will be half of the depreciation for the year.
583,000 / 2 = 291,500 depreciation expense for six-month
For the year-end bonused It wll be the same ideal, we assume are earned equally during the year. So at half year half of the bonuses should be earned:
wages expense 1,290,000/2 = 645,000
<u>Total expenses 936,500</u>
Answer:
The answer is $61,000
Explanation:
An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).
The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.
Impairment Loss = Book Value – Market Value
Impairment Loss = $177,500 - $116,500
Impairment loss is $61,000