Answer:
d. The maintenance costs associated with the napkin folding machine.
Explanation:
The cost that required one or more processors to produced a final product is known as joint cost
Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins
Also, the pulping, screening, rolling, etc are considered to be joint cost
Hence, the correct option is d.
Answer:
Finish phase of the project life cycle.
Explanation:
The finish phase (or termination, or completion phase) of a project life cycle is basically when the project is completed and it is being delivered to the customer. Depending on the project, paperwork and documents are handed out to the customer, contracts with workers and suppliers are terminated. Everyone involved with the project must be notified about its completion and all obligations are paid for.
Answer:
Please check below for answer.
Explanation:
Exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.
Hence, the five conditions that must exist for an exchange to occur are;
1. There must be at least two parties involved.
2. Each party has something that might be of value to the other party.
3. Each party is capable of communication and delivery.
4. Each party is free to accept or reject the offer.
5. Each party believes it is appropriate or desirable to deal with the other party.
Answer:
b. $4,908,000
Explanation:
According to the FASB GAAP, the straight line method is used in this given question which is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($40,900,000 - $4,090,000) ÷ (15 years)
= ($36,810,000) ÷ (15 years)
= $2,454,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation would be
= Annual year depreciation × number of years
= $2,454,000 × 2 years
= $4,908,000
