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topjm [15]
3 years ago
8

Choose the statement below that demonstrates the correct adjusting entry to recognize depreciation expense on a building. Debit

Depreciation expense; credit Accumulated depreciation. Debit Depreciation expense; credit Building. Debit Accumulated depreciation; credit Depreciation expense. Debit Building; credit Accumulated depreciation.
Business
1 answer:
Vlada [557]3 years ago
4 0

Answer:

Debit Depreciation expense; credit Accumulated depreciation.

Explanation:

Depreciation bis a measure of loss of value of an asset in the process of production over time. For example if a machine is purchased at $100,000, it will have a useful life expressed in years let's say 20 years, and a salvage value ( value of the asset after its useful life.

On purchase of an asset deviation is estimated per unit time for example into the example above 100,000/20= $5,000 per year.

This amount is recorded in a year as depreciation that has accumulated till the useful life of the asset is used up.

The entry involves recognising the expense (depreciation) by debiting Depreciation Expense and Crediting Accumulated Depreciation to show the value of the asset that has depreciated in that time.

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After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes
Sauron [17]

The correct answer is A) alignment.

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

7 0
3 years ago
If you were originally a lender, remain a lender even after a decline in interest rates. Will you get better or worse after the
Anestetic [448]

Answer:

If the lender rate decline he will be worst of due to consumer buying behavior.

Explanation:

  • Lenders are creditors and not all creditors are leanders. During a decline in the interest rates goes down and borrowing gets cheaper. The leander will be worse after the interest rates decline. If the interest rate rises or changes the lender may get higher rates.
4 0
2 years ago
A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true? a. The company will recognize sale
kirza4 [7]

Answer:

The correct answer is C

Explanation:

Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.

The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.

So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.

7 0
3 years ago
Consider a single factor APT. Portfolio A has a beta of 1.0 and an expected return of 16%. Portfolio B has a beta of 0.8 and an
nirvana33 [79]

Answer:

B, A

Explanation:

A: 16% = 1.0F + 6%; F = 10%; B: 12% = 0.8F + 6%: F = 7.5%; thus, short B and take a long position in A.

4 0
3 years ago
1. A creditor's claim to the property of an individual or business is called
skad [1K]

Answer:

c. liabilities.

Explanation:

liabilities are the creditors claims to the assets of the business/property.

7 0
2 years ago
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