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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

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Which of the following is a positive economic statement? Group of answer choices The standard of living in the United States sho
Vesna [10]

The U.S. government should not have bailed out U.S. auto manufacturers.

Explanation:

  • After the inflation period during the 1930, which continued almost for the next 30 years, America increased its standard of living - payment of higher taxes. With an income that was to be paid to government and to be used for their living, Americans had a tough time for almost 10 years to come out of the inflation they faced. Recession was also a part of this period during Hoover's presidency.
  • Later, when Roosevelt was elected, his new ideals changed the phase of America which did not let the government stick to basic infrastructure of America. In this period, people of America unanimously agreed for the bailout of auto manufacturers with which, they earned revenue for other sector's development.
  • In 2009, when the contract with General Motors was disintegrated, which was created during the time of World War II, the government of America did not want to take any risk/was not ready to face an economic hit. This eventually led for a bail out.
  • With this step, in that period of time, it is an economically positive statement.
3 0
3 years ago
Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation
Sholpan [36]

Answer:

a. $11,760. 

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost of asset = $60,000 + $8,000 + $2,800 = $70,800

($78,800 - $12,000) / 5 = $11,760. 

I hope my answer helps you

6 0
3 years ago
Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the
lutik1710 [3]

<u>Full question:</u>

Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the same skills can step in and do the job equally well.​ Thus, many modules in training are extensive as they provide employees with details of the skill sets required for different jobs. In​ practice, this lengthy training program does help the company as a​ well-trained and flexible workforce is at their disposal at all times. The managers at Flavors use​ ________.

A. job sharing

B. vertical enhancement

C. flextime

D. job rotation

E. telecommuting

<u>Answer:</u>

The managers at Flavors use​ job rotation

<u>Explanation</u>:

Job Rotation is an administration approach where employees are stirred within two or more jobs at fixed intervals of the chance to show them to all verticals of an association. It is a well-planned system to overcome the monotony of performing the same kind of job every day and examine the unknown potential of an employee.

By alternating their jobs, you improve balance the uncertainty of exhaustion. If an employee leaves you to hold other employees competent in reaching the left employee’s tasks.

3 0
3 years ago
Fill in the blank: _____ is how a project manager makes use of productivity tools and creates processes. The project manager may
GenaCL600 [577]

Planning and organizing is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

<h3>What is Planning and organizing?</h3>

Planning and organizing serves as the managerial function that portray how  how a project manager makes use of productivity tools and creates processes.

In this case, The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

Learn more about Planning and organizing on:

brainly.com/question/17320867

#SPJ1

7 0
1 year ago
Ying borrowed $350 for 60 days from his credit card company using a cash advance. The company charged a daily finance charge of
valkas [14]

Answer:

$10.92

Explanation:

Finance charge computation:

($350 x 0.052%) x 60 days = $10.92

Hence he will pay a total of $360.92 being principal($350) and interest($10.92)

6 0
3 years ago
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