The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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Answer:
Explanation:
750% is 7.5 times the amount of the principle -- in this case 100 dollars.
If you need a formula, it is Amount = 750/100 * Principle
The answer should be 750 dollars. Any less than 100 is absurd, so both 7.50 and 75 make no sense.
Answer: Recycling of batteries is an important step in controlling the pollution.
<u>Explanation:</u>
Battery recycling is an excellent way of reusing waste batteries. Batteries contain heavy metals and some hazardous chemicals which are very harmful to our nature. So there is an urgent need for battery recycling.
Nowadays many centers have been opened to recycle the batteries. These centers are providing jobs to a large number of individuals. Jobs like drivers who collect recyclable batteries than we have mechanics and technicians. We have managers also who manages everything.
These jobs are quite challenging. If someone wants to fix society's greatest challenges than these jobs will serve their purpose. They would love to work there.
Hi!
<em>Option C is correct.</em>
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Explanation of the choices:
A. - This seems a good choice, however it's not the best choice. Let's come back to it.
B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.
C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.
D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.
Hope this helps! :D
