All categories

3 years ago

the cost of land improvements are capitalized separately from land because land improvements tend to have a useful life.

Business

1 answer:

lisabon 2012 [21]3 years ago

4 0

Land improvements are capitalized separately from Land because land improvements have only a limited useful life.

Land is a special fixed asset which means that:

It is purchased for long term use
It is not depreciated because it lasts forever

Land improvements on the other hand, will not last forever. They will eventually wear out and need to be replaced. They are therefore capitalized separately from land so that they can be depreciated if need be.

In conclusion, land improvements are capitalized separately from land because they have a limited useful life.

Find out more at brainly.com/question/14436052.

You might be interested in

Project: How Entrepreneurs Improve the Economy

UNO [17]

Answer:

time management

make best decision

saving the budget

having ideas

never relaxed

6 0

2 years ago

After a kick-off session and six contentious weekly team meetings, Lola is struggling to align her team around common expectatio

Amiraneli [1.4K]

Answer:

storming

Explanation:

Based on Bruce Tuckman’s theory of team development it seems that Lola's team is currently in the storming phase of the evolution process. This is the second phase in the process, in which individuals are still showing hostility towards one another and have not have not fully assigned or understand each persons role in the team. This leads to resisting control from any authority within the group, and prevents team goals from being achieved.

7 0

3 years ago

Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on

aleksandr82 [10.1K]

Answer:

Total manufacturing overhead cost for T05P $303,000

Explanation:

Using the ABC system, the amount of total manufacturing overhead cost would be assigned to Product T05P is:

1. 4,000 / 9,000 machine hours x $180,000.....$80,000

2. 90 / 250 set ups x $125,000............................$45,000

3. 1 / 2 products x $44,000....................................$22,000

4. 6,000 / 10,000 labor hours x $260,000......$156,000

Total manufacturing overhead cost for T05P $303,000

5 0

3 years ago

In which of the four leadership styles does the leader have absolute authority?

romanna [79]

Answer:

Delegating is the correct answer

6 0

2 years ago

Depreciation is a source of cash inflow because

vazorg [7]

Answer: a. it is a non-cash expense, so it needs to be added back to net income when using the indirect method.

Explanation: Depreciation is the measurement of the decline in value of assets. When using the indirect method, since net income is a starting point in measuring cash flows from operating activities, depreciation expenses must be added back to net income. Depreciation is a source of cash inflow because it is a tax-deductible non-cash expense as a result it provides a tax reduction benefit which increases cash flow.

6 0

3 years ago