During 2015, Yvo Corp. installed a production assembly line to manufacture furniture. In 2016, Yvo purchased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of the assembly line, but it did result in significantly more efficient production. The following expenditures were incurred in connection with this project: Machine $ 75,000 Labor to install machine 14,000 Parts added in rearranging the assembly line to provide future benefits 40,000 Labor and overhead to rearrange the assembly line 18,000 What amount of the above expenditures should be capitalized in 2016? Multiple Choice $ 75,000 $ 89,000 $107,000 $147,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During 2015, Yvo Corp. installed a production assembly line to manufacture furniture. In 2016, Yvo purchased a new machine and rearranged ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following best describes an enterprise system? Select one: a. It captures data from company transactions and other key events, and then updates the firm's records, which are maintained in electronic files or databases. b.
Answers (1)
ignoring differences in the useful lives of investments when evaluating capital expenditure alternatives can distort present value analysis.
Answers (1)
A high-end clothing manufacturer has a policy to inspect each article of clothing before it is shipped to customers.
Answers (1)
Strikes generally occur as a result of: A. the threat of a new league B. A need for consistency across contracts C. uncertainty D. An attempt to damage the other side
Answers (1)
A company uses the retail method to estimate inventories. The following information is for the first six months of the current year: beginning inventory at cost and retail were $70,000 and $100,000 respectively, net purchases at cost and retail were
Answers (1)
New Questions in Business
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False
Answers (1)
You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly break-even quantity?
Answers (1)