Which is more expensive concrete or asphalt? The cost of an asphalt driveway is typically cheaper than concrete, costing $2.00 – $4.00 per square foot. … In contrast, a concrete driveway costs between $4.00 – $6.00 per square foot for a standard installation. Finishes, details and stains can increase the price tag to as much as $15.00 per square foot.
What is an example of depreciation expense? For example, Company A owns a vehicle worth $100,000, with a useful life of 5 years. They want to depreciate with the double-declining balance. In the first year, the depreciation expense is $40,000 ($100,000 * 2 / 5). In the next year, the depreciation expense will be $24,000 ( ($100,000 – $40,000) * 2 / 5).
How do you record depreciation expense and accumulated depreciation? The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation account (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).
What is accumulated depreciation expense? Accumulated depreciation is the total amount an asset has been depreciated up until a single point. … Depreciation expense flows through to the income statement in the period it is recorded. Accumulated depreciation is presented on the balance sheet below the line for related capitalized assets.
Which is more expensive concrete or asphalt? – Related Questions
How expensive to replace clutch?
The cost to repair a clutch can range between $500 to $2,500. It really depends on the car. Performance cars, exotic cars, and European cars are more expensive to replace the clutch than Japanese economy cars. Four wheel drive vehicles cost more than two wheel drive vehicles.
How expensive is carbon dating?
Prices start at just $126 for radiocarbon analysis of previously prepared graphite, and increase to $460 for a standard analysis including a common extraction protocol (used for sub-fossil charcoal, peat, seeds and others).
Why are colored diamonds so expensive?
As a result, the most expensive colored diamond in the world is also red! This is because a diamond’s relative expense comes from its rarity and how in-demand the color is. Shockingly, there are only a handful of natural red diamonds in the entire world.
What is a qualified education expense for 529 plan?
As of 2019, qualified expenses include tuition expenses for elementary, middle, and high schools (private, public, or religious). Although the money may come from multiple 529 accounts, only $10,000 total can be spent each year per beneficiary on elementary, middle, or high school tuition.
Can you use employees personal purchases as a business expenses?
According to the IRS, personal expenses are not eligible business expenses deductible against taxable income. Instead, if you were to purchase personal items through a company account, they should be fringe benefits that are subject to payroll taxes.
Why are spices so expensive?
Certain spices only grow in specific regions and climates. … If there’s a lot of labor required to develop a seasoning, you’re going to see a price difference, which is why spices like saffron and vanilla are typically pricier. Don’t forget that spices come from plants, so they require time to pollinate, harvest and dry.
Which budget will advertising expense be on?
The general rule: your marketing budget should be seven to eight percent of your annual sales revenue. Of that, about 15-20% of that budget should go toward advertising costs.
Can you deduct passport expenses?
According to the IRS, self-employed taxpayers can deduct 100 percent of U.S. passport registration and renewal fees if they only use their passport for business purposes.
Is it expensive to live in st thomas?
The cost of living in the U.S. Virgin Islands is higher than on the U.S. mainland. On average, apartments cost $2,000 per month. A two-bedroom house costs at least $285,000.
Is battery park city expensive?
RENTcafe recently released a report that explores which neighborhoods in the country, by ZIP code, are among the most expensive in 2019. … Manhattan’s 10282, encompassing Battery Park City, was found to be the most expensive neighborhood in the country with an average rental price $6,211 per month.
What is salaries expense in accounting?
Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly labor for a business. It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense – accounting department. … Salaries expense – sales department.
Why are mosins so expensive now?
It’s simply the law of supply and demand. Nagant’s are way down the list of desirable military bolt action battle rifles, but since what’s good for all the rest is good for them too, prices have escalated out of reason.
What food expenses count for write offs taxes?
Meals provided for the convenience of the employer (such as meals for occasional employee overtime) 100% deductible in 2021 and 2022 if the meals are provided by a restaurant. Water, coffee, and snacks at the office no change in 2021/22.
Why is le labo so expensive?
So while they don’t spend money on advertising, marketing or distribution — remember, the scents are all made in-store — their ingredients can cost 40 times more than those in an average perfume, he says. … Fabrice Penot smelling the rose oil used to make Le Labo’s Rose 31 fragrance.
How do you calculate bad debt expense?
The basic method for calculating the percentage of bad debt is quite simple. Divide the amount of bad debt by the total accounts receivable for a period, and multiply by 100.
Why are cigarettes expensive uk?
The rise in price comes after menthol cigarettes were banned in the UK last year, to help deter young people from smoking. The ban followed a four-year phasing-out period which saw smaller packs of rolling tobacco and packs of 10 cigarettes banned in 2017.
Is it expensive to live in norway?
Yes, Norway is extremely expensive. … The average cost of living in Norway will depend on the lifestyle you lead and where in the country you choose to settle. Generally, though, you can expect to spend between 20,000 to 40,000 NOK (2,176–4,352 USD) per month to live in this Nordic country.
Are parts for subaru expensive?
So, Are Subarus More Expensive to Repair? Yes, Subarus are more costly to fix. At least when compared to domestic brands, they are. … Subaru engines are also prone to head gasket failure, and catalytic converters can cost a lot more to replace than the same part on domestic brands.
What are moving expenses?
Moving expenses are costs incurred when you move because of your job. The expenses are deductible if they are reasonable costs for moving yourself, your family and your possessions.
What is a growth expense ratio?
The gross expense ratio is defined as the percentage of a mutual fund’s or ETF’s assets as management fees and operational expenses, but it does not include sales charges and brokerage expenses.
Is dubai expensive 2019?
In general, prices in Dubai are comparable to other major cities in the world. Accommodation and tours can be quite expensive, but there is so much choice that you can make it more budget-friendly if you wish. Restaurant prices are comparable to those in Western European cities.