Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time., the actual decline in an asset's fair value, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's original cost to periods during which the asset is used.
Depreciation in accounting refers to two different aspects of the same idea: first Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life.
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Answer:
4 years
Explanation:
The computation of the payback period is shown below:
Payback period is
= Cost of a Machine ÷ Annual cash flow
where,
Cost of a machine = $24,000
And, the annual cash flow is
= Net Income + Depreciation expense
= $2,000 + $4,000
= $6,000
Now placing these values to the above formula
So, the payback period is
= $24,000 ÷ $6,000
= 4 years
Answer:
Gross profit Margin 37.41%
Explanation:
The gross profit margin is the quotient between the gross profit and the sales:
Gross profit Margin 0,374089 = 37.41%
Answer:
Postal Remittance Book - a book kept for recording money received through the mail.
Explanation:
Answer:
True
Explanation:
A multinational company is a company that operates internationally,by internationally I mean it operates in many countries of the world,whereby business downside in one country is counterbalanced with upside elsewhere.
Electricity City operates businesses in more than seven countries of the world in diversified business sector,hence no doubt it is a multinational company.
Business success in one jurisdiction can be used to rectify business failure in another country,hence business diversification is achieved through international operations.
