Raw Materials Inventory $XX Accounts payable
Answer:
$1,174.75
Explanation:
The computation of the invoice price of the bond is shown below:
As we know that
Invoice Price of Bond = Ask Price of Bond + Accrued interest
where,
Ask Price is
= $1,000 × 116%
= $1,160
Interest accrued for 3 months is
= $1,000 × 5.90% × 3 months ÷ 12 months
= $14.75
So,
Invoice Price of Bond is
= $1,160.00 + $14.75
= $1,174.75
Answer:
The answer is "$5500".
Explanation:
Analysis Differential:
Make Buy
Cost of variable 
Fixed- cost 
Purchasing cost 
Cost of opportunity 
Total relevant cost 
Increasing operating income 
The company plays $33,500 to tear down the old buildingand $47,000 to landscapethe lot. It also pays a total of $1,540,000 in construction costs-this amount consists of $1,452,200 for the new building and $87,800 for lighting andpaving a parking areanext to the building. Prepare a single journal entry to record thesecosts incurred by Cala, all of which are paid in cash.Cost of LandPurchase price for land$280,000Purchase price for old building$110,000Demolition costs for an old building $33,500Fill and level the land$47,000Total cost of land$470,500Cost of New building and land improvementsCost of new building$1,452,200Cost of land improvements<span>$87,800</span>
Answer:
There is a loss on disposal of $10000 and option C is the correct answer.
Explanation:
The units of production method charges depreciation based on the activity level that the asset is used for during a period
The depreciation rate under this method is,
Depreciation per hour = (240000 - 40000) / 10000 = $20 per hour
The depreciation for the Year 2015 and 2016 under the units of production method is,
2015 = 20 * 2400 = $48000
2016 = 20 * 2100 = $42000
The accumulated depreciation at the end of 2016 is = 48000 + 42000 = $90000
The carrying value at the end of 2016 is = 240000 - 90000 = $150000
The gain/loss on disposal = 140000 - 150000 = - $10000 or a loss of $10000
