1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin2010 [14]
1 year ago
5

A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.

Business
1 answer:
sertanlavr [38]1 year ago
8 0

A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

Learn more about depreciation here:brainly.com/question/1203926

#SPJ4

You might be interested in
On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $
Kitty [74]

Explanation:

The Journal Entry is given below:-

a. Cash Dr,                   8400  

           Accounts receivable        8400

(Being the Cash received)

 

b. Supplies Dr,                2500  

           Office equipment         2500

(Being the reserve entry is recorded)

Supplies Dr,                             2500  

            Accounts payable           2500

(Being the supply is purchased)

7 0
3 years ago
Sillytime Park competes with Splash World by providing a variety of rides. Sillytime sells tickets at $ 60 per person as aâ one-
horsena [70]

Answer:

BEP 378,000

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

60 - 24 = 36 contribution margin

every units contribution $36 dollars

36 / 60 = 0.6 CM ratio

each dollar of sale generate 60 cents of contribution

226,800 fixed cost / 0.6 CMR = 378,000 BEP  in dollars

3 0
3 years ago
Giampanini Fashions hopes to gain a foothold in the Indian designer market. To achieve this objective, they convince ex-super mo
faltersainse [42]

Answer:

A) tactics

Explanation:

While a marketing strategy is the overall plan, marketing tactics are the actions required to carry out the strategy. In other words, the marketing strategy sets the goals, while the marketing tactics are the activities necessary to execute the strategy and achieve those goals.

6 0
3 years ago
Lance, Art, and Wayne have joined together to open a law practice but are struggling to manage their cash flow. They haven’t yet
mixas84 [53]

Answer:

This is very simple, they should start billing their clients right away.

You don't have to bill your clients for the full legal expenses, but they for sure need to start making some money.

It is very normal that new businesses don't get enough revenue to cover their operation expenses right away. Even for big corporations, like Amazon and FB, it may take years to reach the break even point.

When you open a business you have to keep some money as reserve to cover some expenses for at least a few months.

6 0
3 years ago
Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered
crimeas [40]

Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

4 0
3 years ago
Other questions:
  • Look at the table the utility of macaroni and cheese. carmen loves macaroni and cheese for thanksgiving. carmen's marginal utili
    15·1 answer
  • It is frequently possible to test the physical inventory prior to the balance sheet date whenA.the internal control system is no
    8·1 answer
  • What three items must be considered when scheduling appointments?
    13·1 answer
  • What is a records inventory? discuss why is inventory is conducted and what is included in the inventory?
    7·1 answer
  • Libre, Inc. has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accou
    15·1 answer
  • The market potential is equal to the​ ________, or the sales limit approached by company demand as company marketing effort incr
    15·1 answer
  • A national polling organization wishes to estimate the percentage of all teenagers who believe social security will 'be there' f
    13·1 answer
  • One role of team leaders is to facilitate discussion. What does that mean?
    14·2 answers
  • You've been asked to prepare a T-bone steak. Which primal beef cut are you most likely to select? A. Top round B. Short loin C.
    7·1 answer
  • roarie brothers farm a seed company specializing in seed corn. at their weekly meeting they tried to calculate the portion of th
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!