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marusya05 [52]
3 years ago
8

The method that allocates an equal amount of depreciation to each year of an asset’s service life is:

Business
1 answer:
kvasek [131]3 years ago
6 0

Answer: Straight line method of depreciation

Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.

This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.

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You explain the concept of smarketing meetings to your leadership team, and one person asks, "How often do we need to have these
Black_prince [1.1K]
<h2>Depending on the need would be the apt answer for this type of question.</h2>

Explanation:

Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.

Meeting,

  • can make employer understand employee better and vice-versa
  • is to communicate latest update, expectation
  • is to track current events and to hand-hold wherever necessary
  • is to review the road map to reach the organizational goals
  • is to appreciate the best work so that it would be a motivational factor for everyone
  • meant to trigger the work more efficiently

The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.

5 0
3 years ago
Suppose that in your first year of college you spend $3,700.00 more than you earn. In your second year, your expenses increase a
Artist 52 [7]

The deficit in my third year of college is $600.

Deficit is the amount by which expenditures exceed income. Deficits increases the level of debt because deficit spending has to be funded through borrowing.

Deficit in the third year of college = gap in the third year - gap in the second year

$4,800 -  $4,200 = $600

To learn more, please check: brainly.com/question/1800332

5 0
2 years ago
Use the following information about the current year's operations of a company to calculate cash provided by operations.Net inco
NikAS [45]

Answer:

Cash from operations:

Net income                                   $100,000

Depreciation Expense                       6,000  

Decrease in Accounts Payable        (5,000)

Increase in Accounts Receivable     (4,000)

Increase in Merchandise Inventory (8,000)

Decrease in Salaries Payable          (2,000)

Cash from operations                   $87,000

Explanation:

a) Data and Calculations:

Net income $ 100,000

Decrease in Accounts Payable 5,000

Increase in Accounts Receivable 4,000

Increase in Merchandise Inventory 8,000

Decrease in Salaries Payable 2,000

Depreciation Expense 6,000

Not an operating activity:

Gain on Sale of Machinery 2,000

b) The gain on the sale of machinery is not an operating activity or a cash flow item.  Cash inflow is recorded when there is a sale of the machinery  and as an investing activity.  Increase in current assets (except cash) are uses of fund together with decreases in current liabilities.

5 0
3 years ago
The Tree Company provides the following standard cost data per unit of product: Variable overhead $ 8.00 Tree Co. anticipated th
olya-2409 [2.1K]

Answer:

Flexible budget variance= $10,000 unfavorable

Explanation:

Giving the following information:

Standard Variable overhead=  $8.00 per unit

During the period, the company produced and sold 25,000 units, incurring $210,000 of variable overhead costs.

<u>First, we need to calculate the standard variable overhead cost:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*25,000

Allocated MOH= $200,000

<u>Now, the flexible budget variance:</u>

Flexible budget variance= allocated overhead - actual overhead

Flexible budget variance= 200,000 - 210,000

Flexible budget variance= $10,000 unfavorable

5 0
2 years ago
There are _____ federal courts of appeal.
Ray Of Light [21]
There are 13 federal courts of appeal 
3 0
3 years ago
Read 2 more answers
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