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
Citrus2011 [14]
2 years ago
5

Content area a leased asset will appear on the balance sheet as a long-term asset. true false'

Computers and Technology
1 answer:
Evgen [1.6K]2 years ago
8 0

The given statement is false. The liability for a leased asset should be shown separately in the balance sheet as a current liability or a long-term liability as the case may be.

<h3>What is leased asset?</h3>

A Leased Asset exists as an asset leased by the owner to another party in return for money or any other favor. While leasing an asset, the owner penetrates into a contract permitting the other party the temporary use of an asset.

Long-term assets exist as investments in a company that will benefit the company for many years. Long-term assets can contain fixed assets such as a company's property, plant, and equipment, but can also contain intangible assets, which can't be physically touched such as long-term investments or a company's trademark.

Hence, The given statement is false. A leased asset will appear on the balance sheet as a long-term asset. Revising depreciation estimates involves the amounts of depreciation expenses recorded in past periods. Land acquired as speculation exists reported under Investments on the balance sheet. The liability for a leased asset should be shown separately in the balance sheet as a current liability or a long-term liability as the case may be.

To learn more about leased asset refer to:

brainly.com/question/17214724

#SPJ4

You might be interested in
Joe, a user, has purchased a new mobile device that uses a different OS than his previous one. Joe wants to copy his contacts an
Oliga [24]

Answer:

C

Explanation:

Joe should backup all his data from his old mobile device to his PC and then import all the data to his new device via PC. This is the fastest way for transferring data than all the other options mentioned. Most of the time the devices with different OS cannot connect via Bluetooth so option B is not suitable here. If we talk about logging in to same email provider on the new device, it might work but it'll take a lot of time to transfer data to a new device since the data is been copied through internet. If Joe has a strong internet connection than it might be a suitable option for him but what if the connections breaks down in middle of transfer? Similarly NFC also uses internet connection, but that's not only the problem with NFC, like Bluetooth, NFC also works with similar OS devices. Apart from that NFC only transfers small payloads of data.

4 0
3 years ago
Write a test program that prompts the user to enter three sides of the triangle (make sure they define an actual triangle), a co
Ivanshal [37]

Answer:

   Scanner in = new Scanner(System.in);

       System.out.print("Please enter 3 sides of a triangle, color and " +

                       "whether it is filled or not (true false): ");

       double s1 = in.nextDouble();

       double s2 = in.nextDouble();

       double s3 = in.nextDouble();

       String color = in.next();

       boolean filled = in.nextBoolean();

       

       Triangle t1 = null;

       

       try {

           t1 = new Triangle(s1, s2, s3, color, filled);

       }

       catch (IllegalTriangleException ite) {

           System.out.println(ite.toString());

       }

       

       System.out.println(t1.toString());

       System.out.printf("Triangle color: %s, Triangle filled: %s%n" +  

                       "Area: %.2f%n" +  

                       "Perimeter: %.2f%n%n",

                   t1.getColor(),  

                   t1.isFilled(),

                   t1.getArea(),

                   t1.getPerimeter());

           

Explanation:

   Scanner in = new Scanner(System.in);

       System.out.print("Please enter 3 sides of a triangle, color and " +

                       "whether it is filled or not (true false): ");

       double s1 = in.nextDouble();

       double s2 = in.nextDouble();

       double s3 = in.nextDouble();

       String color = in.next();

       boolean filled = in.nextBoolean();

       

       Triangle t1 = null;

       

       try {

           t1 = new Triangle(s1, s2, s3, color, filled);

       }

       catch (IllegalTriangleException ite) {

           System.out.println(ite.toString());

       }

       

       System.out.println(t1.toString());

       System.out.printf("Triangle color: %s, Triangle filled: %s%n" +  

                       "Area: %.2f%n" +  

                       "Perimeter: %.2f%n%n",

                   t1.getColor(),  

                   t1.isFilled(),

                   t1.getArea(),

                   t1.getPerimeter());

           

7 0
3 years ago
Which of the following is used to describe the information used in
aniked [119]

Answer:

D.

Explanation:

Clipher

You can read the instructions

3 0
3 years ago
What is the easiest way to be sure you have selected all of the content related to a specific tag?
pychu [463]
Add a <div> around it.
example:
<div id = "content">
<p> content</p>
</div>
4 0
3 years ago
Directions. Read and analyze the sentences below. There are words or phrases to be corrected. Rewrite it on the blank accrording
devlian [24]

Full question attached

Answer and Explanation:

1. There’s need to ask for help and advice from people who have the

knowledge and skills in making a simple electrical gadget.

2. Adapter is used to plug appliances that are far from the main power source.

3. Do not touch the metal pipes while you are doing electrical repairs.

4. Shut off the power at the main switch or circuit breaker and unplug the equipment when working on electricity.

5. Pliers are tools used to grip, pull or cut electric wires.

From the above, we have corrected some of the errors that could be made in everyday home appliances or home electricity. In number 4, it is also worthy of note that shutting off power at the main switch will only require emergency situations otherwise we need only shut off the one for the problem circuit and leave the rest.

5 0
3 years ago
Other questions:
  • ________ is used to store programs and instructions that are automatically loaded when the computer is turned on.
    14·1 answer
  • Which button would you use to quickly add addresses to a mail merge envelope?
    5·1 answer
  • Constantine forms the following hypothesis. Let n be any non-negative number that meets the following condition: when n is divid
    10·1 answer
  • Suppose x and y are int variables and ch is a char variable. Consider the following input: 5 28 36 What value (if any) is assign
    11·1 answer
  • What is the local portion of the e-mail address below? <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="
    15·1 answer
  • Why is it a best practice of a remote access policy definition to require employees and users to fill in a separate VPN remote a
    14·1 answer
  • Rounding up and down for 389,422
    7·1 answer
  • Holly the Hacker has a list of 100,000 common passwords. She wants to use this list to break into UNIX-like systems that use a p
    14·1 answer
  • When advertising on search engines, if you bid the same as your competitor, having a higher quality score will mean you appear w
    10·1 answer
  • What is the significance of the scientific method?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!