Answer:
Depreciation expense for May $1000
Explanation:
The depreciation expense is the systematic allocation of the cost of asset over the estimated useful of the asset. The units of production method of depreciation allocates the depreciation based on the level of activity for which the asset is used in a particular year divided by the activity expected throughout the useful life of the asset.
The depreciation is calculated as follows,
Depreciation expense = (Cost - Salvage value) * Activity in units for the period/Activity in units over the total estimated useful life of the asset
Depreciation expense - May = (220000 - 60000) * 5000/800000
Depreciation expense - May = $1000
Answer:
The correct answer is C. is neither minimizing costs nor maximizing profits
Explanation:
A company that operates under the conditions described above, moves within a market in purely competitive conditions that ensures linear behavior of demand and supply, which is why it must establish the condition of minimizing costs so that the market does not harm, this means that in the purely competitive market you should not minimize costs or maximize established profits.
Answer:
$0 stock basis; $10,000 debt basis
$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.
Explanation:
Answer:
Opportunity costs.
Explanation:
Investing in stocks depicts Barney's opportunity cost of money.
The opportunity cost is the money or funds held up by an individual instead of investing it in other businesses or ventures to yield interests.
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