Answer:
The gain on the transaction is $5,500
Explanation:
Gain on Transaction = Fair Value of Truck - Cash Paid - Note Payable - carrying value of car exchanged
= $25,000 - $4,000 - $10,000 - ( $8,000 - $2,500)
= $25,000 - $4,000 - $10,000 - $5,500
= $5,500 Gain
Answer:
Total Cost of the Job $
Direct materials 480
Direct labour 150
Additional labour 100
Applied overhead 600
Total cost 1,330
The total amount to be transferred to finished goods inventory in November is $1,330.
Explanation:
The total cost of the job is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.
Answer:
$38,448,000
Explanation:
Calculation to determine What will the book value of this purchase
First step
Depreciation = (cost - salvage)/useful life
Depreciation= (40,900,000 - 4,090,000 )/15
Depreciation=36810000/15
Depreciation=2454000
Now let determine the
Book value=Cost -Depreciation
Book value=$40,900,000-$2,454,000
Book value=$38,448,000
Therefore the book value of this purchase is$38,448,000
Answer:
where is the stuff its just the question
Explanation: