Explain the method generally used to allocate the cost of a lump-sum purchase to the individual assets
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
A lumpsum purchase price generally is allocated ba...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Accounting questions
-
Why is it necessary to allocate the cost of a basket purchase to the individual assets included in the purchase price?
-
Describe the procedure that is used to allocate the cost of a basket purchase of assets to each asset that is acquired.
-
Give examples of bases used to allocate corporate cost pools to the operating divisions of an organization.
-
Dr. Bold has a personal automobile policy with liability limits as follows: $100,000/$300,000 BI and $50,000 PD. Dr. Bold is held liable in an accident in which he must pay for bodily injuries as...
-
Use equations to show the fragmentation leading to each numbered peak in the mass spectrum of octan-2-one. 100 80 e 60 2 40 20 0 43 85 113 12 10 20 30 40 50 60 70 80 90 100 110 120 130 40 150 160
-
The last step in the synthesis of divinyl ether (used as an anesthetic under the name Vinethene) involves heating ClCH2CH2OCH2CH2Cl with potassium hydroxide. Show how you could prepare the necessary...
-
Hurricanes The histogram shows the distribution of hurricanes that have hit the U.S. mainland by category, with 1 the weakest level and 5 the strongest. (Source: Weather Research Center) Hurricanes...
-
Greentea Corporation earned net income of $95,000 during the year ended December 31, 2010. On December 15, Greentea declared the annual cash dividend on its 6% preferred stock (11,000 shares with...
-
ABC Bank has total checkable deposits of $100 million in its account. Its capital, including common stocks, retained earnings, preferred stocks and subordinated debt is $10 million. The ratio of...
-
Sulfide ion was determined by indirect titration with EDTA. To a solution containing 25.00 mL of 0.04332 M Cu(ClO4)2 plus 15 mL of 1M acetate buffer (pH 4.5) were added 25.00 mL of unknown sulfide...
-
What is goodwill and how is it measured?
-
When an item of property, plant, and equipment is disposed of, how is gain or loss on disposal computed?
-
Following are denitions or descriptions of terms relating to corporations and corporate stockholders equity. (1) The rst-time sale of a corporations stock to the general public (2) A dollar value...
-
You are an external auditor in a firm that undertakes the audit of Canadian Life and Mutual (CLM), a large, Montreal-based financial institution. CLM relies heavily on its computer-based information...
-
You need to temporarily increase the feed rate to an existing column without flooding. Since the column is now operating at about \(90 \%\) of flooding, you must vary some operating parameter. The...
-
Consider, again, the clothing data set. Obtain the three summary plots of the sample cross-correlations for lags 1 to 21.
-
Based on the dangling-else discussion in Exercise 3.27, modify the following code to produce the output shown. Use proper indentation techniques. You must not make any additional changes other than...
-
Consider the random process \(U(t)=A\), where \(A\) is a random variable uniformly distributed on \((-1,1)\). (a) Sketch some sample functions of this process. (b) Find the time autocorrelation...
-
Discuss nontraditional retail locations.
-
a. Show that the expansion of q(x) in ascending powers of x can be approximated to 10 2x + Bx 2 + Cx 3 where B and C are constants to be found. b. Find the percentage error made in using the series...
-
What is the relationship described by the production function?
-
What disclosures should be made by lessees and lessors related to future lease payments?
-
What disclosures should be made by lessees and lessors related to future lease payments?
-
What disclosures should be made by lessees and lessors related to future lease payments?
-
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
-
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
Study smarter with the SolutionInn App