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]
2 years ago
5

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

Business
1 answer:
sertanlavr [38]2 years 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
Some politicians claim to support the environment in speeches they make around the country. However, to get to those speeches th
FrozenT [24]

Answer: Improvement to the environment brought about through the politicians' public support of environmental regulations more than offset the damages done to the environment by the politicians' private plane.

Explanation:

The above answer accept the fact that the politicians' affect the environment negatively by their planes but this has been erased by their more positive contribution to the economy through environmental regulations.

The fact that politicians' hide the facts that they travel by private plane in their speeches or that the people are not convinced of their speeches as regards the environment or the majority of people believe that they make society problem worse non of these debunks the claim that the politicians' do not believe what they say but are only making the environment worse by flying in private plane that pollutes the environment.

5 0
3 years ago
When a company provides services for which cash will not be received until some future date, the company should record the amoun
elixir [45]

Answer:

False

Explanation:

The revenue principle and the matching principles are two principles that help in the determination of the period in which expenses and revenues are recognized. In line with the principle, as long as any revenue is realizable, then such expenses or revenues are recognized. As long as services are rendered or goods transferred, regardless of the time in which the cash is received, revenue is recognized. However, accrued revenue is that which is recognized before receiving cash, while deferred revenue is the revenue recorded or realized after receiving cash.

6 0
3 years ago
What's of the following is true statement about a 401k​
Effectus [21]
Is A retirement saving plan sponsored by an employer
4 0
3 years ago
Directional Lock Question #4: This investment is a basic good that can be 5 points
erastova [34]

Answer:

R

Explanation:

3 0
3 years ago
The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. this is an example of a(n): de
tresset_1 [31]
<span>The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment. </span>A deferral payment happens after a payment or receipt occurs. The deferral allows someone to have something now but pay it off or towards it at a later date.<span> </span>
8 0
4 years ago
Other questions:
  • According to the clayton act, persons are not allowed to serve as the director on more than __________ board(s) in the same indu
    6·1 answer
  • Which of the following statements is correct?a. Capital gains earned in a share repurchase are taxed less favorably than dividen
    10·1 answer
  • The _____ is a decentralized form of organization that emphasizes the expertise of the employees in the operating core of the or
    9·2 answers
  • A subsidiary has previously unreported brand names valued at $50 million at the date of acquisition. The brand names have an ind
    11·1 answer
  • A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one
    6·1 answer
  • Marc agrees to sell Diana 500 copies of a book for $3.50 per book. Marc breaches the contract by not delivering the books. At th
    9·1 answer
  • Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $
    6·1 answer
  • Prepared by:
    11·1 answer
  • g Hall Company sells merchandise with a one-year warranty. In the current year, sales consisted of 4,211 units. It is estimated
    11·1 answer
  • What are the three questions you need to ask yourself before you start investing
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!