The initial outlay for the project after depreciation is loss of $26,700.
<h3>What is
depreciation?</h3>
Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
To know more about depreciation follow the link:
brainly.com/question/1203926
#SPJ4
Answer:
$140,000
Explanation:
The difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:
Variable costing:
Fixed manufacturing overhead in production $750,000
Absorption costing:
The Fixed cost would be
= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory
= $190,000 + $750,000 - $50,000
= $890,000
So, the difference would be
= $890,000 - $750,000
= $140,000
The answer to your question is: "<span>Internal production"
hope this helped :)</span>
<span>80,000 people who traveled to the West in search of riches</span>
Answer:
Dr Fair Value Adjustment (Available-for-Sale) $660
Cr Unrealized Holding Gain or Loss—Equity $660
Explanation:
Culver Company Journal entry
Dr Fair Value Adjustment (Available-for-Sale) $660
Cr Unrealized Holding Gain or Loss—Equity $660
Fair Value Adjustment (Available-for-Sale)
Debit Balance $140
Adjustment $660
($3,500-$2,840)
Balance 800
