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3 years ago

FIFO and LIFO are two common methods used to compute the depreciation of tangible assets. True or false?

Business

1 answer:

IgorLugansk [536]3 years ago

7 0

Answer:

The statement is false

Explanation:

The statement is false as the both the methods that is LIFO and FIFO are the methods of inventory valuation, not for computing the depreciation.

As LIFO (Last in first out), this method involves the inventory which is purchased last is expensed first whereas FIFO (First in first out), this method of inventory valuation, involves the inventory in which the inventory which is purchased first is expensed first.

For computing the depreciation for the tangible assets involves straight line, diminishing or double declining methods.

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Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her mo

Elza [17]

Answer:

two qualities candace should look for...

Explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

6 0

3 years ago

When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00

Viefleur [7K]

To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40

4 0

3 years ago

As a company grows, it may become necessary for it to create an ______

viva [34]

Answer:

As a company grows, it may become necessary for it to create an Organizational chart which is a visual display of the organizational structure which contains lines of authority (chain of command), staff relationships, permanent committee arrangements, and lines of communication.

Explanation:

The organization chart is a chart indicating the connection of one department graphically to another, or others, of an organization. It is additionally used to show the relationship of one office to another, or others, or of one capacity of an association to another, or others.

Using the organization chart continuously, show the "structure of a business", government, or other association. Organization diagrams have an assortment of employments and can be organized from multiple points of view.

4 0

4 years ago

Donald (a married taxpayer filing jointly) owns a wide variety of commercial rental properties held in a single-member LLC. Dona

adell [148]

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4 years ago

Research the different types of body language the people use in different cultures.

KiRa [710]

Answer:

Explanation:

Body language is an extremely important form of communication in every single culture, yet every culture has differences. For example...

Korean's tend to greet individuals with a bow. This is a form of showing respect as well as saying hello. Other cultures such as the Swiss tend to greet others with three cheek kisses.

Body language can be for many occasions such as Americans using the middle finger to show their dislike of someone. There's also Italian's closing their fingers together in form of a pinecone to show their distraught over something.

Body language has always been a way of expressing oneself and their emotions.

4 0

3 years ago