Which asset never depreciates in value?

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A: The answer is stated below:

Q: pllowing data are ttax using 12% ra eld as inventory

A: Given:

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A: As per IFRS 15, Revenue Recognition standard  Revenue is to be recognized when the performance…

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: produces g - x) gizmo nufacturer

A: Let 15-X unite be sold Cost of X unite 5 (15-x) Price of a unit=x Total revenue=15-xx

Q: file his annual ITR on February 2019. On May 2020, he received a notice of assessment from BIR for…

A: X files annual return on Feb 19. On receiving notice from BIR for underpayment, X can file amended…

Q: When the auditor expresses an unqualified opinion, a separate paragraph is added to the report…

A: An Auditor will express an unqualified opinion when financial statements are prepared  in all…

Q: Mr. C. is a domestic corporation with the following data for 2002 (first year of operations):  Gross…

A: Taxable income is the amount on which certain percentage is applied to be paid to the government for…

Q: ABC had P400,000 budgeted fixed overhead costs and based its standard on normal activity of 40,000…

A: Overhead rate = P400,000 / 40,000 units Overhead rate = P10 per unit

Q: 1. Gabriel works on a commission basis and receives 3.8% on his monthly sales for ST. Peter Life…

A: Dear student as you have asked multiple different  questions ,and as per guidelines we will solve…

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A: Investments is made by the company by way of purchasing or acquiring the shares of the another…

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A:

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A: Absorption costing: It is the costing system that accounts all the costs associated with the…

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Q: Jin Mai is in her second year at col housemates each pay one third of the utility bill, cable…

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Q: Using the AD/AS model, a tax change shifts

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A: Lets understand the basics. Journal entry is required to make to record event and transaction occur…

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A: Cost accounting is one of the important branch of accounting. Under this, several type of costs are…

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A: Concept of Valuation of Inventory

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A: Bank Reconciliation statement as on October 31, 2016 is as under:

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A: Formula: Straight line method depreciation = ( Asset cost - salvage value ) / Useful life years

Q: 8,500 , er paym

A: The answer is stated below

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A: Calculation of COGS :   total cost ( in thousands of $) Direct material consumed:

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A: 1. Leverage specifies the use of various financial instruments or borrowed capital which aims to…

Q: Pattison Products, Inc., began operations in October and manufactured 48,000 units during the month…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: еBook Show Me How Analysis of Receivables Method At the end of the current year, Accounts Receivable…

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Q: ustments to Net Income-Indirect Method pley Corporation's accumulated depreciation-equipment account…

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Q: 3. Macaroni Inc. showed the following balances in its financial statements for 2021. 510,000…

A: Assets are the resources being used by the business for its operations and progress. These can be…

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A: Overheads based on Labor Hours  Job 1 ( 2,50,000 x 0.50 x 700/1300) = 67,308 Job 2 (2, 50,000 x 0.50…

Q: Ford for the company president on June 1, 2020 for $75,000. The automobile is expected to have a…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Product liability created a business opportunity for the legal profession but frivilous lawsuits are…

A: Answer:-  Product liability:- Product liability can be defined as the legal field where…

Q: e total cost of manu ation p(x) of C(x) a e this with the exact n(x) about n(x 20

A: We will use linear approximation of a function  let y = f(x) is the function  to find local linear…