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sineoko [7]
1 year ago
14

True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

Business
1 answer:
sergey [27]1 year ago
7 0

a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

This problem is false statement.

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

To learn more about accumulated depreciation from the given link:

brainly.com/question/1287985

#SPJ4

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viva [34]

Answer:

The annual payment at the end of each year: $4,572.23

Explanation:

The formular for calculating Present value of Annuity is applied in this case to help us find the equal annual payment.

Applying information in the question, we have the annuity that have:

n= 10 as there are 10 equal annual payments paid at the end of each year during 10 years;

i = 8.5% per annum compounded annually, as stated in the question;

PV = Borrowed amount = $30,000;

C = the equal annual payment.

The formular for PV of Annuity: PV = (C/i) x [ 1- (1+i)^(-n)] <=> C = (PV x i) / [ 1- (1+i)^(-n)]

Thus, C = (30,000 x 8.5%) / [ 1- 1.085^(-10) ] = $4,572.23

7 0
3 years ago
Diminishing returns to physical capital means that when the amount of human capital per worker and the state of technology are h
-BARSIC- [3]

Answer:

a. a smaller increase in the marginal product of labor. 

Explanation:

The law of diminishing returns to physical capital states that as more and more input are added to fixed factors of production, output increases at a decreasing rate.

For there to be output growth, physical capital should be increased less than human capital and technological progress.

I hope my answer helps you

6 0
3 years ago
If some one makes a deal to not work for 2 years and will pay you 100 billion dollars or should you choose a different man who s
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You would choose the last one. In two months, you make more money thank you would in those two years for the first man. 
3 0
3 years ago
Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
luda_lava [24]

Answer:

B

Explanation:

Had the same question and it was the correct answer

5 0
3 years ago
Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open
harina [27]

Answer:

b. sole proprietorship.

Explanation:

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3 years ago
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