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Citrus2011 [14]
1 year 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]1 year 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

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Use python
Degger [83]

Answer:

def rec_dig_sum( num ):

   num_list = [ digit for digit in str(num)]

   total = 0

   for x in num_list:

       total += x

   return total

def dict_of_rec_dig_sums(low, high):

   mydict = dict()

   for number in the range(low, high+1):

      mydict[rec_dig_sum(number)] = number

   return mydict

Explanation:

The python program defines two functions, "rec_dig_sum" and "dict_of_rec_dig_sums". The former accepts a number and returns the sum of the digits of the number while the latter accepts a low and high number range.

The program returns a dictionary with the recursive sum as the keys and the number count as the values.

3 0
3 years ago
2.1 Changes in which factors could cause aggregate demand to shift from AD to AD1? What could happen to the unemployment rate? W
katrin [286]

Answer:

There are many factors that cause aggregate demand to shift from AD to AD1. The unemployment rate will fall and inflation will increase.

<u>Explanation:</u>

A Shift in aggregate demand from AD to AD1 means there has been a  fall in demand. Various factors that cause demand to decrease are:

  1. Increase in price of a good itself
  2. Increase in the price of complimentary goods-This will lead to a fall in demand. Like ink and pen are complementary goods. if the Price of ink increases then demand for pen will decrease.
  3. A Decrease in the price of substitute goods-Like tea and coffee.
  4. Expectation regarding future fall in price

So due to the decrease in demand finally the unemployment will increase and with that, the inflation rate will increase making  things dearer.

3 0
3 years ago
How do we add questions on sam Blockly?​
Blizzard [7]

Answer:

I do not know that answer

5 0
3 years ago
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Aleksandr-060686 [28]

Answer:

A and C are the only <u>legal</u> but unethical options

4 0
3 years ago
cellPhoneBill(m,tx)Write the function cellPhoneBill()that takes two int m and txas input and returns a float.The function takes
lidiya [134]

Answer:

The solution code is written in C++

  1. float cellPhone(int m, int tx){
  2.    float COST_PER_MIN = 0.1;
  3.    float COST_PER_MESSAGE = 0.2;
  4.    
  5.    float bill_amount = m * COST_PER_MIN + tx * COST_PER_MESSAGE;
  6.    
  7.    return bill_amount;
  8. }

Explanation:

Firstly, declare a function named cellPhone() that takes two input parameters, m and tx (Line 1).

Since the policy of the carrier company is not given in the question, I make a presumption that the cost per minutes is $0.10 and the cost per message is $0.20 (Line 2- 3).

Next, apply the formula m * COST_PER_MIN + tx * COST_PER_MESSAGE to calculate the total bill (Line 5) and return the bill_amount as function output (Line 7).

4 0
3 years ago
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