On january 1 ten years ago, andrew co. created a subsidiary for the purpose of buying an oil tanker depot at a cost of $1,500,000. andrew expected to operate the depot for ten years, at which time it is legally required to dismantle the depot and remove underground storage tanks. it was estimated that it would cost $150,000 to dismantle the depot and remove the tanks at the end of the depot’s useful life. however, the actual cost to demolish and dismantle the depot and remove the tanks in the tenth year is $155,000what amount of expense should andrew recognize in its financial statements in year 10?
a. $150,000 expense.
b. $5,000 expense.
c. $155,000 expense.
d. none, recognized in prior years.
Answers: 2
Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
Answers: 1
Business, 22.06.2019 20:30
What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.
Answers: 1
Business, 22.06.2019 21:30
What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)
Answers: 1
On january 1 ten years ago, andrew co. created a subsidiary for the purpose of buying an oil tanker...
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