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photoshop1234 [79]
3 years ago
8

The periodic expensing of an asset over the property's theoretical economic life is referred to as what

Business
1 answer:
Charra [1.4K]3 years ago
8 0

The periodic expensing of an asset over the property’s theoretic economic life is known as the depreciation. Depreciation occurs when there is a presence of the utility’s loss and in the same time, there is a physical deterioration or economical obsolesce that causes a value or that both may occur in the same time.

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Evans products uses a process costing system with two processing departments: the mixing department and the finishing department
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Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000

Explanation:

Data provided

Cost transferred per unit = $4

Units transferred = 35,000

Total cost of units transferred = Cost transferred per unit × Units transferred

= $4 × 35,000

= $140,000

Therefore Process department is a finishing department. From the last processing department to finished goods and when only finished goods are debited.

$140,000 will be paid to the Work-in-Process Inventory, Mixing Department and debited to the Finishing Department, Work-in-Process Inventory.

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You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t
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Answer:

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Which of the following is an example of a conditional statement?
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3 years ago
Cash received through the sale of long-term investments would be reported in the statement of cash flows as a a.Cash inflow in t
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Answer:

b.Cash inflow in the investing activities section.

Explanation:

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Non current asset sale and purchases are accounted for in the investing section of the cash flow statement as an inflow and an outflow of cash respectively.

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Which statement effectively paraphrases this excerpt using a quotation?
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Answer:

B) Swift writes that after much time and effort, he has finally come up with a solution that is "solid and real, of no expence and little trouble" to address the problem of poverty.

Explanation:

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