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3 years ago

The omission of the adjusting entry to record depreciation expense will result in an

Business

1 answer:

Gemiola [76]3 years ago

6 0

Answer:

B.overstatement of assets and an overstatement of owners' equity.

Explanation:

To recognize depreciation expense,the entries required are

Debit depreciation expense

Credit Accumulated depreciation

The accumulated depreciation is a credit balance in the fixed asset account. Depreciation is also an expense that reduces net income and thus reduces the owners equity.

Hence an mission of the adjusting entry to record depreciation expense will result in an overstatement of assets and an overstatement of owners' equity.

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Suppose a riskless project requires an initial investment of $10 and will generate a one-time cash inflow of $30 two years later

Evgesh-ka [11]

Answer:

D. The payback period is less than 2 years.

Explanation:

Discount rate 5%

0 1 2

intital investment -10

cash flow 0 30

Total cash flow -10 0 30

NPV 17.21

IRR 73%

Therefore, The NPV is 17.21 and is positive, the statement is True.

IRR > 50%, Therefore the statement made is True

Accounting rate of return = {[(30 - 10)/10]^(1/2)} - 1

= 41% > 0

Therefore, The statement made is true.

Payback period = 2 years, Therefore the statement made is NOT true.

7 0

2 years ago

Intel attends recruiting events such as a Hispanic chamber of commerce convention in order to attract diverse applicants. At the

garik1379 [7]

Answer:

resource acquisition

Explanation:

Based on the scenario being described it can be said that the argument for diversity best demonstrated by intel's actions would be resource acquisition. This is when a company focuses on obtaining the right resources needed to accomplish the goals and needs of a project. Which in this case are talented individuals who happen to be minority workers.

5 0

2 years ago

High-risk or major functions are addressed in the first cycles there by delivering an operational product. Which of the sdlc pro

Lady bird [3.3K]

The SDLC process models achieves the above function is Incremental model. Thus, option (d) is correct.

Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.

Incrementalism Model SDLC is a subset of a bigger system that divides a project into releases and then incrementally adds capability to each build.

This technique prioritizes the demands of the system, which are then achieved in groups.

Therefore, it can be concluded that option (d) is correct.

Learn more about risk here:

brainly.com/question/27754423

#SPJ4

Your question is incomplete, but most probably the full question was….

List of options:-

Select one:

a. Spiral Model

b. RAD model

c. Waterfall model

d. Incremental model

6 0

1 year ago

True or false: you should only create a slide presentation if you know that you will be presenting in a smart room.

siniylev [52]

The answer C i think hope this help

5 0

3 years ago

Read 2 more answers

At the beginning of Year 1, Trey Inc., purchased a machine with a total acquisition cost of $33,000. The machine has an estimate

soldier1979 [14.2K]

Answer:

$8,000

Explanation:

Data provided in the question:

cost of machine = $33,000

Estimated residual value = $3,000

Estimated useful life = 3 years

Estimated useful life in terms of production = 60,000 units

Total units produced in year 1 = 16,000

Now,

Rate of annual depreciation with respect to units produced

= [ Cost - Salvage value ] ÷ Estimated useful life in terms of production

= [ $33,000 - $3,000 ] ÷ 60,000

= $0.5 per unit

Therefore,

Depreciation expense for the year 1

= Rate of annual depreciation × Total units produced in year 1

= $0.5 per unit × 16,000 units.

= $8,000

7 0

2 years ago