Concord Inc. purchased land at a price of $29,400. Closing costs were $2,390. An old building was removed at a cost of $12,540. What amount should be recorded as the cost of the land

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Which of the following is not a consideration when determining your asset allocation

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes