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Alexxx [7]
1 year ago
4

Compared to other methods of calculating depreciation, how does the declining balance method affect net income in the first year

?.
Business
1 answer:
lara31 [8.8K]1 year ago
8 0

The declining stability approach have an effect on internet earnings within side the first year : It normally consequences within side the lowest internet earnings.

The required details for Net earnings in given paragraph

Net earnings refers to the cash you could have to be had after taxes and deductions are taken from your paycheck. For a commercial enterprise, internet earnings is the cash it's left over after paying running fees, administrative costs, value of products offered, taxes, coverage and some other commercial enterprise fees. In commercial enterprise and accounting, internet earnings is an entity's earnings minus value of products offered, fees, depreciation and amortization ,interest, and taxes for an accounting period.

It is computed because the residual of all sales and profits much less all fees and losses for the period, and has additionally been described because the internet growth in shareholders' equity that consequences from a company's operations. It is one of a kind from gross earnings, which most effective deducts the value of products offered from revenue.

To know about Net earnings click here

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Mark Ward is a farmer who owns land which borders on the right-of-way of the Northern Railroad. On August 10, 2007, due to the a
professor190 [17]

Answer:

A. recognition of a loss and creation of a liability for the value of the land.

Explanation:

This is because, in the financial statement of the Railroad company, it goes to show the financial dealings which the company had within the fiscal year under review. <em>Since, the Northern Railroad Company and Mark Ward has reached an agreement, the best would be the recognition of the loss and create a liability for the value of the land in their financial statement. It will afford the investors to be aware of the assets and liability of the company at the present time.</em>

8 0
3 years ago
Which is not a type of economy?
astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.

3 0
4 years ago
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420  × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0
3 years ago
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
Step2247 [10]

Answer:

Explanation: Ik weet het echt niet en ik ga je plagen met mijn antwoord, ik verwacht niet dat je je moeder afbreekt op zoek naar dit haha.  

7 0
3 years ago
Stan’s Sporting Goods is a competitor that can manufacture seven soccer balls out of a possible ten, if it makes one soccer net.
Shkiper50 [21]

Answer:

Sabrina’s Soccer has a comparative advantage over Stan’s Sporting Goods because Sabrina’s Soccer has a lower opportunity cost.

8 0
3 years ago
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