The following general capital assets were owned by the Town of Otterville: Town buildings$ 3,250,000 Intangible assets 1,000,000 Streets, sidewalks, and water lines 2,000,000 What amount should be recorded as capital assets in the town's governmental activities accounts?
A. $5,250,000
B. $0.
C. $6,250,000
D. $3,250,000.
Answer: C
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Cash flows from ____________________ activities will normally be negative during the introduction and growth phase of the product life cycle
Fill in the blank(s) with correct word
Profitability means having enough cash on hand to pay bills when they become due
Indicate whether the statement is true or false
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation under the units-of-production method?
A. Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900. B. Debit Depletion Expense $16,900; credit Accumulated Depletion $16,900. C. Debit Depletion Expense $16,000; credit Accumulated Depletion $16,000. D. Debit Depreciation Expense $16,000; credit Accumulated Depreciation $16,000. E. Debit Amortization Expense $16,900; credit Accumulated Amortization $16,900.
Which of the following is a strength of the behavioral approach?
A. it can accurately predict employee job satisfaction B. the universal style of team leadership is best C. the wide range of research on leadership behaviors gives it credibility D. the research supports that task and relationship behaviors lead to positive team outcomes