What two ingredients provide the structure in conventional baked goods?

Which of the following is not true regarding Depreciation? Group of answer choices Depreciation allocates the cost of a fixed as

Mariulka [41]

Answer: Depreciation expense reflects the decrease in market value each year.

Explanation:

Depreciation is the decrease in the value of an asset due to the passage of time. Overtime, the value of machineries reduce as a result of usage. Depreciation is therefore the reduction in the value of assets. Depreciation is also the method used tin reallocating the cost of a tangible assets over its useful life span. Firms depreciate assets for accounting and tax purposes. The reduction in the value of an asset has am effect on the balance sheet of an entity.

The answer to the question is the second option. Depreciation does not have anything to do with the market value. Other options are correct except for the second option which states that depreciation expense reflects the decrease in market value each year.

8 0

3 years ago

Read 2 more answers

Consider the market for running shoes. draw a firm's average total cost curve with no advertising. label it atc0. draw the fir

Anarel [89]

I believe it’s b..... hope this helps pls tell me if I’m wrong! <3

7 0

3 years ago

Willa and Westley are siblings who built a hair salon business from the ground up. They are now contemplating opening an additio

lorasvet [3.4K]

The correct option is C

<u>Explanation:</u>

The annual profit increase = $400,000

<u>The following formula is to be used in order to calculate the total profit enhancement in five years </u>

The total profit increase in 5 years = 400000 multiply with 5 = $2,000,000 = $2 million , As compared to cost of $1 million.

Thus, The correct option is answer (C) To take on the new salon because the expected marginal benefit ($2 million over 5-years) is greater than the estimated marginal cost ($1 million).

8 0

3 years ago

For a perfectly competitive firm, the price of its good is equal to the firm's marginal revenue because

puteri [66]

Because -

individual perfectly competitive firms cannot influence the market price by changing their output

8 0

3 years ago

Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Di

xeze [42]

1. The calculation of the predetermined overhead rate applied to jobs during August is <u>75% of direct labor costs</u> ($90,000/$120,000).

2. The balance in the Work in Process account at the end of August is $61,000.

3. The amounts of direct material cost and applied overhead recorded for Job 248 as of August 31 are $19,000 and $18,000, respectively.

<h3>Data and Calculations:</h3>

Work In Process Balance, August 1 $ 41,000

Direct materials used 75,000

Direct labor 120,000

Manufacturing overhead applied (based on direct labor cost) 90,000

Total costs incurred = $326,000

<h3>Finished Jobs during August: </h3>

Job # Cost of Jobs Completed

234 $ 58,000

237 65,000

231 74,500

246 67,500

Total costs of finished jobs = $265,000

Work in process balance = $61,000 ($326,000 - $265,000)

<h3>Job in Process: Job 248:</h3>

Direct labor cost incurred = $24,000

Applied overhead = $18,000 ($24,000 x 0.75)

Direct materials = $19,000 ($61,000 - $24,000 - $18,000)

Thus, the work-in-process balance represents Job 248 (Direct labor $24,000, Direct materials $19,000, and Applied Overhead $18,000).

Learn more about job costing at brainly.com/question/24516871

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7 0

2 years ago