Accumulated Depreciation and Depreciation Expense are the two accounts impacted by the recording of an adjustment for the cost of utilizing equipment during the current accounting period.
A single asset's accumulated depreciation is the total amount of depreciation expense attributed to the asset since it was first used. It is a contra-asset account, which means that it is a negative asset account that reduces the balance of the asset account it is often linked to.
Contrary to a typical asset account, a contra-asset account sees an increase in value upon a credit and a drop with a debit. The same amount that is credited to the cumulative accumulated depreciation whenever a depreciation expense is reported for an organization enables that corporation to show both the asset's cost and its total depreciation as of the current date. Additionally, the balance sheet displays the asset's net book value.
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Classroom instruction to help students learn. Planning, preparing, and delivering lessons, giving feedback, helping students want to learn, and supporting.
Answer:
Answer a.
Explanation:
Flexible work promotes social responsibility in a way that when workers don't need to travel to work it translates to a fewer carbon emissions and fewer traffic jams, when there are fewer people on the road. Study done by Consumer Electronics Association found that telecommuting reduced US energy use equivalent of almost 750,000 households. When people work from home, it can promote greener habits as there is less need for disposable plastic plates, containers and other similar items.
The most important to succeed in your job is A. SHOWING UP AND BEING ON TIME.
Showing up and being on time will serve as proof of your dedication to your job as well as a reflection of your character. It shows that you are committed to your job and is an asset to your employer.
Answer:
$35,000
Explanation:
The Tax Cuts and Jobs Act increased the percentage of bonus depreciation for qualifying assets from 50% to 100% for those assets acquired and put into service between September 27, 2017 and January 1, 2023. If this asset qualifies for a bonus depreciation, then you can depreciate 100% during the first year. You can also use the bonus depreciation with a section 179 expensing in order to depreciate expensive assets, but the section 179 expensing comes first and then the bonus depreciation.