Answer: Option A
Explanation: Assets having no physical existence are called intangible assets for example :- goodwill, patent rights.
Amortization can be defined as the method of distributing the value of intangible assets over its useful life, thus for amortization the asset must have a definite life.
While amortizing , first its recoverability is evaluated by comparing fair value with carrying value and after that the difference in both is calculated.
Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.
Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.
<span>The type of ownership that combines individual with multi-unit ownership is a condominium. Generally, they are referred to as simply condos, these real estate investments are buildings divided into multiple units. Each unit is separately owned, rather than rented like an apartment, and they are surrounded by common areas that are jointly owned.</span>
Incomplete question, check attachment for full question.
Answer:
A
Explanation:
From the attachment we note that since the government wants to lower its cost the optimal option is A. The annual cost for choice A is
30 x $20,0000 + 50 ($5000)= $850,000
When compared to the other alternative choice it is the lowest.
Answer:
False
Explanation:
Discount rate and present value of an annuity are inversely proportionate to each other. If Discount rate increases, then the present value of an annuity decreases. If Discount rate decreases, then the present value of an annuity increases. The annuity FV payments are reduced based on the discount rate. So, the higher the discount rate, the lower the present value of the annuity is and the present value of an annuity is based on the time value of money
