Answer:
Under IFRS, the building should be recorded at its historical cost minus its accumulated depreciation which is $450,000.
Explanation:
Under IFRS, IAS 16 Property, Plant and Equipment states that asset should be subsequently recorded following one the the following two models:
+ Cost model: The asset is carried at cost less accumulated depreciation and impairment;
+ Revaluation model: The asset is carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation and impairment, provided that fair value can be measured reliably.
With information given in the question, there is lack of information about fair value of the building; that is whether the appraisal is done by the professional, independent appraiser or whether the price offer by potential buyer is the fair price in the market.
So, with given information, Cost model should be applied and the building should be recorded at its historical cost minus its accumulated depreciation which is $450,000.
Answer:
Fixed manufacturing Volume variance 1496 Unfavorable
Budgeted Fixed Manufacturing
overhead rate*(Denominator hour-
Standard hours allowed)
13.6*(6000-5890)
Budgeted Fixed Manufacturing
overhead rate 13.60
Budgeted Fixed Manufacturing/No of
Budgeted variance
(13710+13000+54890)/6000
Ans b $1496 unfavorable
"Customer departmentalization" organizational structures Fhontrake most likely follow.
<u>Explanation:</u>
Such departmentalization of consumers is where the operations of the company are prepared to respond and communicate with individual customers or groups of customers.
This hierarchical style is used when you put strong emphasis on representing various types of customers successfully, thus understood as customer departmentalization. For an enterprise that has products or services tailored to specific market segments, the customer-based structure is optimal, particularly if that company has specific knowledge of those segments.
Answer:
The answer is <em>American Recovery and Reinvestment Act </em>
Explanation:
The American Recovery and Reinvestment Act , 2009 was passed by the Congress on February 13,2009 during President Obama administration. It was meant for an economic stimulus package in order to cut the taxes, build more infrastructure,investing in green energy, rural community programs etc.