Answer:
Correct answer is letter C, book value
Explanation:
The value of an asset at the end of its useful life is called residual value, salvage value, scrap value or break-up value. While book value on the other hand is the value of an asset after we deduct the accumulated depreciation from the cost of an asset. It is sometimes referred to us the carrying value of an asset we netting the asset against its accumulated depreciation.
Answer:
Following are the differences between monopolistically competetive market and perfectly competetive market.
Explanation:
Overall the profit ratio for the sellers is higher in monopolistically competitive market and low in a perfectively competitive market. In monopolistically competitive market, sellers charge a price higher than marginal cost, whereas, in a perfectly competitive market, the sellers charge a price equal to the marginal cost. In long-Run, the main difference between the competitive market and the monopolistic market is the excess capacity. It is the difference between the efficient level of output and profit-maximizing level of output.
Answer: See explanation
Explanation:
a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:
= $39000 × 8months/5 years
= $39000 × 8months / 60months
= $39000 × 8/60
= $5200
b. The amount of depreciation for 2017 using the straight-line depreciation election will be:
= $39000 × 10%
= $39000 × 0.1
= $3900
c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:
= ($39000/2) + $3900
= $19500 + $3900
= $23400
d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:
= $25000 + $7000 + $1400
= $33400
Answer:
<u>Production cost report for the Blending Department for the month of October</u>
Inputs
Units
Opening Work In Process 500
Started 9,000
Total 9,500
Outputs
Units
Completed and Transferred 6,500
Closing Work In Process 3,000
Total 9,500
Explanation:
The concept of equivalent units measures the number of units completed in terms of completion stage of the the inputs.
