A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
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Answer:
Use the same estimations and computations as accounts receivable to determine cash realizable value.
Explanation:
Notes receivable is a balance sheet item, that records the value of promissory notes that a business is owed and has the right receive payment for.
Short term notes receivable are due within a period of one year from the balance sheet date and are catergorised under current assets in the balance sheet.
There is risk in owning a stock and many unknown variables.
In the case of bonds, you are guaranteed by the bond issuer that your principal and the agreed-upon interest will be paid at a defined time.
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Answer:
The manufacturing margin is $460000
Explanation:
Margin is the difference between a company revenue (sales) and the cost of manufacturing. Manufacturing margin is the profit a manufacturer gets from sales of goods or services. Fixed manufacturing costs, variable selling and administrative expenses and Fixed selling and administrative expenses are not used when calculating the manufacturing margin.
Manufacturing margin = Sales - Variable costs of goods sold = $900000 - $440000 = $460000
The manufacturing margin is $460000
