A Partner Invests into a Partnership a Building with an Original

question 173

Multiple Choice

A partner invests into a partnership a building with an original cost of $360000 and accumulated depreciation of $160000. This building has a $280000 fair value. As a result of the investment the partner's capital account will be credited for

• A) $280000.
• B) $200000.
• C) $360000.
• D) $480000.

Recognize the importance and application of different layout types in operations management.

Grasp the concept of cycle time and how it is calculated and applied in production.

Develop knowledge about the Automated Storage and Retrieval System (ASRS) and its significance.

Understand the procedures and calculations involved in process layout design.

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Definitions:

Inventories

Quantifiable goods or materials that a business holds with the intent of selling them in the course of business operations, constituting a significant portion of a company's assets.

Credit Terms

Conditions under which credit will be extended to a borrower, detailing repayment amounts and the timeframe of repayment.

Discount

Generally a reduction in price or value. In finance, a reduction in the present value of a future sum due to the action of interest.

Net

Refers to the amount remaining after all deductions are made, such as taxes, expenses, and costs.