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1 year ago

The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use

1 answer:

4 0

TRUE, the cost of a plant asset includes depreciation expense disposal cost purchase price cost to prepare it for use.

The monetary value of an asset decreases over the years because of use, wear and tear or obsolescence. This lower is measured as depreciation. Description: Depreciation, i.e. a lower in an asset's cost, can be as a result of some of other factors as nicely including detrimental market conditions, and so on.

Depreciation represents the predicted discount in cost of a hard and fast property within a fiscal yr. Tangible belongings, along with homes, systems, cars and so forth, are purchased in massive lump sums.

An example of Depreciation – If a shipping truck is purchased by using a business enterprise with a fee of Rs. 100,000 and the expected usage of the truck are five years, the commercial enterprise may depreciate the asset under depreciation cost as Rs. 20,000 every 12 months for a duration of 5 years.

Learn more about depreciation here:brainly.com/question/1203926
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A house is constructed in a neighborhood that is substantially larger than the existing houses. Based on the value principle of

Levart [38]

Answer: (2) Conformity

Explanation:

The conformity is one of the principle value and it basically refers to the behavior, attitude and the beliefs for the social and the political group.

The term conformity is basically used to describe the person behavior and also beliefs so that the person are able to fit in the specific groups.

It is the process of matching the norms that are implicit and shared by the individual groups for the interaction and this principle value are adversely affected.

Therefore, Option (2) is correct.

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2 years ago

Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit

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Answer:

Sound Audio

Yes. This loss should be accrued.

Explanation:

Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss. A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit. Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.

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2 years ago

Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of

Alla [95]

Answer: Human resource

Explanation:

Human resources management consist of the employees that are responsible for the recruitment, screening, conducting interviews and placing workers in an organization.

Human resources also handle employee relations, benefits, payroll, and training. It is the role of the human resources department to plan, coordinate and direct the administrative functions of a company. With the example mentioned in the question, Scott is involved in human resource management.

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3 years ago

when comparing a retail business to a service business, the financial statement that changes the most is the

Leona [35]

Answer:

The income statement.

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2 years ago

When Unraveling the Unit Circle the sine function creates a relationship between the _________and the ________ starting at 0 rad

notka56 [123]

Answer:

Vertical distance

y-axis

Horizontal distance

x-axis

where n are integers

Explanation:

The relationship between x-axis and y-axis is determined by cosine function. The sine and cosine functions have a domain of all real numbers. These distances are determined by the vertical distance ratio.

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3 years ago