$47,548 Hammons will record as interest expense in 2021. Hammons will pay $150,000 at the beginning of 2020 and accumulate interest on the remaining balance of the lease during 2020.
Therefore, the interest expense will be ($625,479 - $150,000) x 10% = $47,548.
The fee incurred by a business for borrowed cash is known as an interest expenditure. A non-operating item that appears on the income statement is interest expense. It stands for the interest due on all borrowings, including bonds, loans, convertible debt, and credit lines. In essence, it is determined by multiplying the interest rate by the debt's outstanding principal. Instead of the amount of interest paid over the reporting period, interest expense on the income statement shows interest accrued during that time. While interest costs are tax deductible for businesses, they may not be in the case of an individual, depending on their jurisdiction and the purpose of the loan.
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Assume that Mr. Smith, who pays 40 percent in income taxes, plans to contribute $60,000 to
not-for-profit Ravenswood Community Hospital. Without the contribution, his tax bill would be
$500,000. What would be his tax bill if makes the contribution?
a. $500,000
b. $400,000
c. $440,000
d. $476,000
e. $480,000
Mr. Smith contributes 60,000 to Ravenswood Community Hospital, his tax bill would decrease by the amount of the contribution multiplied by his tax rate of 40 percent. his tax bill would be 476,000 if he makes the contribution (option d).
To find the amount of his tax bill after the contribution, we need to subtract the contribution amount from his original tax bill without the contribution.
Original tax bill without the contribution: 500,000
Contribution amount: 60,000
Tax rate: 40%
Step-by-step calculation:
1. Calculate the tax savings from the contribution: 60,000 * 0.40 = 24,000
2. Subtract the tax savings from the original tax bill: 500,000 - 24,000 = 476,000
Therefore, his tax bill would be 476,000 if he makes the contribution (option d).
To summarize:
Without the contribution, his tax bill would be 500,000. However, since he contributes 60,000 to Ravenswood Community Hospital, his tax bill is reduced by 24,000 (which is 40% of 60,000). As a result, his new tax bill after the contribution would be 476,000.
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What is the amount of Kendall’s Schedule C gross income?
A. $300 B. $1,800 C. $15,245 D. $17,345
Option C: When a taxpayer operates a business or profession, they must complete Schedule C (Form 1040) and report their gross income or loss. Kendall's Schedule C gross income amount is "$15,245."
What is a Schedule C form, A Schedule C form, also known as Form 1040, is used by sole proprietors to report business profit or loss on their tax returns. It must be completed in conjunction with a tax return and is used to determine the amount of taxes that must be paid to the IRS.
Schedule C reports the gross income and expenses of a sole proprietorship business or profession, resulting in a net income or loss amount that is transferred to the taxpayer's personal income tax return.
Gross receipts and sales$1,255
Gross return, allowances, and refunds After adding them together, we get the following:
$17,500 + $1,255 = $18,755
Now that we have the gross receipts and sales amount, it must be reduced by the cost of goods sold (COGS) to calculate gross profit.
Here's the calculation for Kendall's business: $18,755 Gross receipts and sales–$3,510 Cost of goods sold (COGS)$15,245 Gross profit
Therefore, Kendall's Schedule C gross income is $15,245 (option C).
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Which of these will most likely have a positive effect on your lifestyle?
OA. A college degree.
B. Dropping out of high school.
OC. A skill-based education.
OD. Both A and C.
Answer:
A college degree
Explanation:
College life is very likely
The percentage of a portfolio's total value invested in a particular asset is called that asset's:
a. portfolio return.
b. portfolio weight.
c. degree of risk.
d. composite value.
e. index value.
The percentage of a portfolio's total value invested in a particular asset is called that asset's portfolio weight.
Portfolio weight is the percentage of a portfolio's total value that is invested in a particular asset. It is calculated by dividing the value of the asset by the total value of the portfolio.
For example, if a portfolio has a total value of $100,000 and an asset has a value of $20,000, then the portfolio weight of the asset is 20%.
The other answer choices are incorrect. Portfolio return is the total return of a portfolio, including both capital gains and dividends. Degree of risk is the amount of risk associated with an asset or a portfolio.
Composite value is the total value of a portfolio, including all of the assets in the portfolio. Index value is the value of a particular index, such as the S&P 500.
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Trade Barrier protect jobs? True or false
Answer:
your awnser is false if im wrong messages me:)
Brandy works in a laboratory. She performs experiments to develop new methods of food production and processing.
Her job is best described as a(n):
Clarence is an independent worker who offers his pervices to many different farms. He teaches farmers how to run their farms more efficiently and safely. Clarence's job is best described as a(n):
Leon hires and manages workers who handpick oranges and other fruits on farms. He trains and oversees the
workers. Leon's job is best described as a(n):
The choice are:
Buyer or Purchasing Agent, Farm Labor Contractor, Food Scientist, Farm Management Adviser
Answer:
1) Food scientist
2) Farm management advisor
3) Farm labor contractor
Explanation:
What is Marketing and why is it important in a global economy? How do you interact with and are
affected by marketing daily?
Please I need help!!!
Answer:
Marketing is promoting and selling products or services, including market research and advertising. This is important to the economy because it promotes different businesses and people to buy their products/services. It also supplies more jobs in general throughout the economy. People are affected by marketing all the time! From seeing a commercial on TV to the radio to an add on Instagram, it influences our opinions, beliefs, and our everyday decisions.
1. What have you learned from corporate strategy?
2. How to apply the knowledge gained from corporate strategy in your professional career?
3. Challenges that you faced in working through this module -Corporate Strategy?
1. Corporate strategy involves identifying the direction of an organization and ensuring that the resources available are allocated towards achieving that direction.
Through the study of corporate strategy, one can learn how to evaluate an organization's internal and external environment, identify opportunities and challenges, and develop a strategic plan to guide the organization towards success.
From corporate strategy, you can learn how to analyze and evaluate an organization's strengths, weaknesses, opportunities, and threats (SWOT analysis). This analysis helps in identifying potential opportunities and challenges that the organization might face and develop strategic plans to overcome them. Corporate strategy helps in developing a comprehensive understanding of an organization and the environment in which it operates.
2. The knowledge gained from corporate strategy can be applied to professional careers in several ways, such as decision-making, problem-solving, and strategic planning.
In professional careers, knowledge gained from corporate strategy can help an individual to make informed decisions that are in line with the organization's strategic objectives. For instance, understanding the organization's vision, mission, and core values can guide an individual in making decisions that align with these values.
Moreover, the knowledge of corporate strategy can help in problem-solving by analyzing the organization's environment, identifying potential issues, and developing solutions that align with the organization's strategic objectives. Finally, individuals can apply the knowledge of corporate strategy in developing and implementing strategic plans that drive the organization's success.
3. The challenges faced in working through this module on corporate strategy include understanding the complexity of an organization's internal and external environment, developing a strategic plan that is both comprehensive and achievable, and implementing the strategic plan effectively.
Corporate strategy is a complex module that requires a thorough understanding of an organization's environment, including its internal strengths and weaknesses and external opportunities and threats. Developing a strategic plan that is comprehensive and achievable can be challenging, especially when considering the organization's goals and objectives, available resources, and potential risks.
Finally, implementing a strategic plan can be challenging, particularly when dealing with resistance to change and the need to align the organization's resources and capabilities towards achieving the strategic objectives. Therefore, the challenges faced in working through this module on corporate strategy require a comprehensive understanding of the module's concepts and application of these concepts in real-world situations.
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A biologist is developing two new strains of bacteria. Each sample of type A bacteria produces five new viable bacteria and each type B
bacteria produces 6 new viable bacteria. Altogether at least 150 new viable bacteria must be produced. At least 10, but not more than 20 of the original sample must be type A and not more than 60 of the samples must be type B. A sample of type A costs P800 and a sample of
type B costs P1000
The minimum total cost to obtain at least 150 new viable bacteria while meeting the constraints is 32,800 P, which occurs when the biologist uses 28 type A and 20 type B samples.
Let x be the number of samples of bacteria A and y be the number of samples of bacteria B.
The number of new viable bacteria produced by x sample A is 5x and the number produced by y sample B is 6y. The total number of new viable bacteria should be at least 150, so we can write the first constraint as:
5x + 6y ≥ 150
The number of samples of type A must be at least 10, so we can write the second constraint as:
x ≥ 10
The number of samples of type B cannot exceed 60, so we can write the third constraint as:
y ≤ 60
The goal is to minimize the total cost of samples, given by:
Total cost = 800x + 1000y
We can now use linear programming to solve the values of x and y which minimizes the total cost while satisfying the constraints.
The first step is to plot the stresses on the graph:
6y = 150 - 5x (red line)
x = 10 (vertical line at x=10)
y = 60 (horizontal line at y=60)
The possible area is the shaded area below the red line, to the right of the vertical line at x=10 and below the horizontal line at y=60.
The next step is to evaluate the objective function at the vertices of the feasible region to find the minimum total cost. The peaks of the possible regions are (10, 0), (28, 20) and (60, 15).
The total cost at (10, 0) is 800(10) + 1000(0) = 8000.
The total cost at (28, 20) is 800(28) + 1000(20) = 32800.
The total cost at (60, 15) is 800(60) + 1000(15) = 51000.
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Assume that 10 years ago you purchased a $1,000 bond for $865. The bond pays 10.70 percent interest and will mature this year. (a) Calculate the current yield on your bond investment at the time of the purchase. (Enter your answer as a percent rounded to 2 decimal places.) Current yield (b) Determine the yield to maturity on your bond investment at the time of purchase. (Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity %
12.36% is the yield to maturity on your bond investment at the time of purchase.
To calculate the current yield, divide the annual interest payment by the bond's purchase price and multiply by 100 to express it as a percentage:
(a) Current yield = (Annual interest payment / Purchase price) * 100
The annual interest payment is 10.70% of the bond's face value, which is $1,000. So, the annual interest payment is $1,000 * 10.70% = $107.
Current yield = ($107 / $865) * 100 = 12.36%
To determine the yield to maturity, we need to consider the bond's purchase price, face value, annual interest payment, and the number of years remaining until maturity.
(b) Since the bond is maturing this year, the number of years remaining until maturity is 0. Therefore, the yield to maturity is equal to the current yield:
Yield to maturity = Current yield = 12.36%
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Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.
1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.
Debit gift cards will be converted to credit gift cards at the following dates: October 1, 2024, December 31, 2024, March 31, 2025, and April 1, 2025. Debit gift cards will be converted to credit gift cards at the following dates: 15,300$ on March 31 and 37,100$ on April 1.
What details are printed on gift cards?It doesn't have to be difficult, and your customers will notice it more readily if it is more transparent. We advise writing your address, email, website, or other contact details on the gift card's back. You want to be discoverable by others.
What are gift cards and how do they operate?An alternative method of payment is a gift card. It is also like a gesture of goodwill for the customers.
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Explain any four points to be
consired while conducting a business
Answer: See explanation
Explanation:
The things to consider while conducting a business include:
a. Business idea: The main thing to consider when conducting a business is to have a business idea. One has to come up with an idea there unique and would make he or she standout from others. The business idea should be able to solve the challenges that people face with regards to a certain issue.
b. Location: Another factor is location. When conducting a business, it is important to set it up in a location that can be easily accessible for the people. Also, a location close to the market and nearer to the raw materials used for the production process should be chosen.
c. Finance: Without the required funds, no business can be set up. Therefore, it's important for one to have the funds ready to start the business. This can be from personal savings, loans etc.
d. Competition: It is vital for one to know his or her competitors and how ones business can stand out from others.
Why is it better to write a description like "I was president of
my senior class" in a cover letter instead of a description like "I
am a natural leader"?
When writing a cover letter, it is better to write a description like "I was the president of my senior class" rather than a description like "I am a natural leader" because the former is a specific example that provides concrete evidence of leadership skills.
It shows that the candidate has held a position of responsibility and has successfully led a group of people towards a common goal. In contrast, the latter is a vague statement that lacks evidence to support it and is therefore less convincing.The description "I was president of my senior class" shows that the candidate has experience in leadership and has a track record of success. It also demonstrates that the candidate is capable of handling responsibility, managing people, and working towards a shared objective. By highlighting specific achievements, the candidate is able to differentiate themselves from other applicants who may only make general statements about their qualifications. This can help to make the candidate stand out and increase their chances of being selected for an interview. Overall, using concrete examples in a cover letter is more effective than making vague statements because it provides evidence of the candidate's skills and accomplishments.
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the fact that companies can store and access emails sent or received on their equipment limits which of your rights
Answer: the answer is Privacy
Explanation:
They are limiting your rights of privacy by them being able to access your emails and such if that makes sense.
Answer:
Privacy
Explanation:
A p e x
One of the most common visual changes associated with aging is:
One of the most common visual changes associated with aging is presbyopia.
Presbyopia is a natural, age-related loss of the eye's ability to focus on near objects. It typically starts to become noticeable around the age of 40 and progresses as we grow older.
Presbyopia occurs due to the gradual loss of flexibility in the lens of the eye. As we age, the proteins within the lens begin to harden and lose elasticity, making it more difficult for the lens to change shape and focus on nearby objects. Additionally, the ciliary muscles, which help the lens to focus, weaken over time, further contributing to this decline in close-up vision.
The main symptom of presbyopia is difficulty focusing on close objects or small print, which may appear blurry or require more effort to read. This often leads to eyestrain, headaches, and the need to hold objects further away to see them clearly.
To manage presbyopia, individuals typically require reading glasses, bifocals, or progressive lenses. These corrective lenses can help improve near vision by providing the necessary magnification for clear focus. It is essential to have regular eye exams to monitor the progression of presbyopia and ensure that the correct prescription is being used.
In conclusion, presbyopia is a natural and common visual change associated with aging. It results from a decrease in lens flexibility and weakening of the ciliary muscles, making it more challenging to focus on near objects. Regular eye exams and appropriate corrective lenses are essential for maintaining optimal vision and quality of life as we age.
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At what price will the stock reach an ""equilibrium"" at which it is perceived as fairly priced today?.
it's equilibrium price is $55.75.
An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium except some characteristics of demand or supply change. Changes in the equilibrium price manifest when both demand or supply, or both, shift or move.
How do you discover equilibrium price?To find the equilibrium rate a mathematical system can be used. The equilibrium fee components is primarily based on demand and furnish quantities; you will set volume demanded (Qd) equal to quantity supplied (Qs) and resolve for the price (P). This is an instance of the equation: Qd = one hundred - 5P = Qs = -125 + 20P.
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https://brainly.com/question/22569960#SPJ4ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
True or false: When customers make online purchases, a company has access to data that can be used for marketing analytics.
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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If the job outlook for your career is growing, you are certain to get a job once you graduate.
True or False
Also I need some help with my other recent questions please.
Answer:
true, because if you have that strength to do anything you'll be able to♥️♥️
setting some very low prices to attract customers, but trying to sell more expensive models or brands to the customer in the store is called .
Setting some very low prices to attract customers, but trying to sell more expensive models or brands to the customer in the store is called Bait pricing.
Bait pricing is a marketing technique that involves tricking customers into believing they will have to pay less for a more expensive product. The phrase "bait-and-switch pricing" is shortened to this. This strategy promotes prices that are frequently unexpectedly cheap, or at least significantly lower than those that are typically offered in the market. Many times, a company would promote a product at an extremely low price just to later admit that the original item displayed is not actually available. It could be replaced by a more costly alternative.
Other industries may also use bait-and-switch pricing strategies. For instance, businesses might apply similar techniques to lead potential customers to believe that a company is providing better working benefits.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
The essence of a contract is that it is a legally enforceable promise or set of promises.True or False
True. A contract is an agreement between two or more parties that creates legally binding obligations. In other words, a contract is a legally enforceable promise or set of promises.
There are several elements that must be present for a contract to be enforceable. These include: Offer: An offer is a proposal to enter into a contract, made by one party to another. It must be specific and definite. Acceptance: Acceptance is the agreement by the other party to the terms of the offer. It must be unqualified and unequivocal.
Consideration: Consideration is something of value that is exchanged between the parties, such as money, goods, or services. Intention to create legal relations: The parties to the contract must intend to create a legally binding agreement. Consent: The parties must enter into the contract freely and voluntarily, without coercion or fraud.
In conclusion, a contract is a legally binding agreement that is enforceable in a court of law. It involves an offer, acceptance, consideration, intention to create legal relations, capacity to contract, and consent.
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what are some things you’ll have to pay for when living on your own that you don’t have to pay for right now?
When living on your own, you'll have to pay for expenses such as rent, utilities, groceries, and transportation, which are not currently your responsibility.
What are the specific expenses you'll have to pay for when living on your own?Living on your own entails financial responsibilities that may not be present when living with others.
One significant expense is rent, which covers the cost of housing. Whether you rent an apartment or own a house, you'll need to allocate a portion of your income to cover this expense. Additionally, utilities such as electricity, water, heating, and internet services need to be paid regularly to maintain a comfortable living environment.
Another essential expense is groceries, as you'll need to purchase food and household supplies to sustain yourself. Transportation costs, including fuel, public transportation fares, or car maintenance, also become your responsibility. Other potential expenses to consider are insurance (e.g., renter's insurance or car insurance), healthcare expenses, and any debts you may have, such as student loans or credit card payments.
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Why is it important to use the right strategies to beat competition?:
Answer:
Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.
Apple is evaluating an investment opportunity in Colorado that is currently being promoted by US government. The project requires initial investment of $4.5 million. If the net cash flow at the end of the first year is $1.5 million (project is successful), the net cash flows will be $2.5 million per annum in perpetuity. The likelihood of the project being successful is 40%. If the net cash flow at the end of first year is $0.8 million (project is unsuccessful) the net cash flows will be $0.5 million per annum in perpetuity.
To encourage investment in Colorado, the US government is offering the company the ability to exit the operation at the end of the first year the government will buy the entire project (assets etc.) for $6 million. The appropriate risk-adjusted discount rate for Apple is 12.5% per annum.
a. Calculate the net present value for the project with the option. If Great Art Inc took the project (with the option), would it exercise the option at the end of the first year of the project? Why or why not? Show detailed workings.
b. What is value of the real option that is being offered by the Commonwealth government? Show detailed workings.
The net present value (NPV) for the project with the option is $0.08 million, and the value of the real option being offered by the US government is $1.5 million.
The net present value (NPV) for the project with the option is $0.08 million. If Apple took the project with the option, it would not exercise the option at the end of the first year because the NPV of the project without exercising the option is higher. The value of the real option being offered by the US government is $1.5 million. This represents the potential value gained by having the option to exit the operation at the end of the first year and sell the project to the government.
To calculate the NPV of the project with the option, we need to consider the cash flows under both scenarios: successful and unsuccessful.
Under the successful scenario, the net cash flow at the end of the first year is $1.5 million, and the net cash flows in perpetuity are $2.5 million per year. We discount these cash flows using the risk-adjusted discount rate of 12.5% to calculate the present value of the cash flows.
Under the unsuccessful scenario, the net cash flow at the end of the first year is $0.8 million, and the net cash flows in perpetuity are $0.5 million per year. Again, we discount these cash flows to calculate their present value.
We then multiply the present values of the cash flows under each scenario by their respective probabilities (40% for successful and 60% for unsuccessful) and sum them to obtain the NPV of the project with the option.
The value of the real option being offered by the US government is calculated as the difference between the NPV of the project with the option and the NPV of the project without exercising the option.
Based on the calculations, the NPV of the project with the option is positive ($0.08 million), indicating a potential profit. However, it is lower than the NPV of the project without exercising the option, suggesting that it would be more beneficial for Apple to continue the project rather than sell it to the government. The value of the real option offered by the government is $1.5 million, which represents the potential value gained by having the option to exit the operation at a higher price than the initial investment.
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Match the term with the correct description.
Free Market
Fixed Market
The government increased involvement in the economy.
The government scales back involvement in the economy.
A free market is one in which the economic system is solely supported by voluntary transaction and the principles of supply and demand, without the involvement of the government.
What other term would you use to describe voluntary?Deliberate, intentional, or willing are a few words that are frequently used as synonyms for voluntary. Voluntary means freedom or spontaneity in choice or action without any outside force, even if all of these words indicate "done and brought out of one's own will."
Why is it referred to as voluntary?When something is voluntary, it is being done of one's own free will or volition. Since all the muscles linked to the skeleton are voluntary muscles, voluntary muscles are also frequently referred to as skeletal muscles or striated muscles (because the muscle fibers make them look striated, or stripy).
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A retirement or abandonment of an asset is different from a sale of an asset because?.
A retirement or abandonment of an asset is different from a sale of an asset since a loss must be recognized for the remaining book value.
When a durable asset stops being used, it is regarded as having been disposed of. A retired or abandoned asset loses value by the carrying amount that applied at the time of retirement or abandonment. The asset's carrying value is then reduced by the resulting loss. An asset's retirement or abandonment differs from its sale in that no money is exchanged.
The remaining book value requires a loss to be recorded. When an asset is permanently withdrawn from service, it is counted as retired. Asset retirement might happen via procedures like a sale to a different party or disposal because of obsolescence.
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Define store records
Answer:
this is an important document that helps an organisation to determine the rate of use of raw materials
one dozen pencil cost 10 if rhe oencil were sold at 1.50 each ehat percentage profit was made on the pencil
Answer:
huh? im confused i almost had a stroke reading this-
Explanation: