Oakland Corp purchased land and a building for a combined cost of $500,000 . Oakland must
a. record the $500,000 acquisition cost in an account called Land and Buildings.
b. depreciate the $500,000 acquisition cost, less any residual value, over the expected useful life of the building.
c. because part of the purchase involved land, record all of the cost in the Land account.
d. allocate the $500,000 acquisition cost to separate Land and Buildings accounts based on their respective fair market values.
d
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Fill in the blank(s) with the appropriate word(s).
Brant is managing three competing advertising teams within his organization. While there will only be one team picked for the final job, he wants the teams to have an even distribution of power without self- interest, which can reduce team conflict. Which of the five behavioral sciences, related to organizational behavior, could help Brant with this power struggle?
a. Psychology b. Sociology c. Social psychology d. Political science
What are the three dispute settlement organs carrying out the Dispute Settlement Understanding?
What will be an ideal response?
Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run monthly usage of staff hours for Operating Departments 1 and 2 follow. Department 1Department 2TotalShort-run usage (hours)80,000120,000200,000Long-run usage (hours)90,000110,000200,000If Soprano uses dual-cost accounting procedures and fixed administrative costs total $1,000,000, the amount of long-run cost to allocate to Department 1 would be:
A. $500,000. B. $450,000. C. $400,000. D. $850,000. E. None of the answers is correct.