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1 year ago

What should the accumulated depreciation equal at the end of the asset's useful life?

1 answer:

8 0

What should the accumulated depreciation equal at the end of the asset's useful life The Balance In Accumulated Depreciation Will Be The Same Amount Under all the depreciation methods.

The depreciation of an asset up to one point in its life is referred to as accumulated depreciation. Since accumulated depreciation is a counter asset account, its natural equilibrium is a credit that lowers the asset's total value. General accepted accounting principles (GAAP) require that expenses be matched to the same accounting period in which the relevant revenue is generated. This is known as the matching principle. A business will depreciate a portion of a capital asset's value over the course of each year of its useful life. This implies that the expense related to using up an asset that has been capitalised is reported every year the asset is put to use and generates income.

Learn more about depreciation here

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Under a periodic inventory system: ______.a. the current inventory available for sale is always known. b. the merchandise invent

cupoosta [38]

Answer:

C) the merchandise inventory balance reflects the ending inventory.

Explanation:

When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.

6 0

3 years ago

The office supports the _____ in a business through engaging sufficient staff to convince the public to purchase the goods and s

borishaifa [10]

Answer:

c, I think

Explanation:

because if it is to convince the public to purchase the goods and services, then it would be the production of the goods and services.

Sorry, I don't know if this is correct or not, but I hope this answered your question. Have a nice day! ^ ^

4 0

2 years ago

According to the Bureau of Economic Analysis, during the recession of 2007minus2009, household saving as a fraction of disposa

luda_lava [24]

Answer:

A) decrease MPC, increase MPS, and decrease the multiplier so that changes in planned investment will have a smaller impact on equilibrium output.

Explanation:

When you receive money, e.g. get paid by your employer, the first thing you do is pay for your basic necessities which are classified as autonomous spending. Then hopefully you will have some money left which is classified as disposable income. You can do two things with your disposable income, either spend it or save it.

The proportion that you spend is called the marginal propensity to consume (MPC) and the remaining part that you save is called the marginal propensity to save (MPS). If the MPS was 1% in 2007 and increased to 5% in 2009, then the MPC was 0.99 in 2007 and 0.95 in 2009.

The formula to calculate the economic multiplier is 1 / MPS:

the economic multiplier in 2007 = 1 / 1% = 100
the economic multiplier in 2009 = 1 / 5% = 20

6 0

2 years ago

how taxation impact positively (contribute to the company's success) and negatively(can lead to failure) on the company you visi

coldgirl [10]

Maybe I'll have to check real quick

3 0

3 years ago

Jane: "I'll pay you $50 if you will clean my windows." Al: "I'll do it for $75." Jane: "$65 and it's a deal." Al: "No way." Jane

Harlamova29_29 [7]

Answer:

c. There is no contract.

Explanation:

For a contract to be valid there has to be a offer and acceptance. In the question there was no offer that was accepted. Let us go through the conversation;

Jane made an offer of $50

Al did no accept, instead he made an offer of $75

Jane did not accept Al's offer instead she made an offer of $65. To this offer Al said "No way" meaning he did not accept.

7 0

2 years ago