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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

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Answer:

The code to this question can be defined as follows:

public double centeredAverage(ArrayList<Integer> nums) //defining a method centeredAverage that accepts an array nums

{

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   {

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Explanation:

In the question, data is missing, that's why the full question is defined in the attached file please find it.

In the given code a method "centeredAverage" is used that accepts an array in its parameter and inside the method, if block is used that checks the cash value if it is true, it will return a float value.

In the next step, two integers and one double variable is defined, that use the conditional statement for check hold value in its variable and at the last use return keyword for return average value.

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