1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren [92.7K]
3 years ago
13

Accumulated Depreciation and Depreciation Expense are classified, respectively, as _____. (A) asset, contra liability (B) expens

e, contra asset(C) revenue, asset (D) contra asset, expense
Business
1 answer:
andrew-mc [135]3 years ago
7 0

Answer:

(D) contra asset, expense

Explanation:

Accumulated depreciation is a contra asset. When preparing ledger accounts, it will be credited hence will have a credit balance.It is also recorded in the balance sheet. On the other hand, depreciation expense is considered an operating expense. It is included as an item in the income statement when calculating a business's net income.

You might be interested in
Cage company had net income of $365 million and average total assets of $2,040 million. its return on assets (roa) is?
elixir [45]

Cage company had a net income of $365 million and average total assets of $2,040 million. its return on assets (ROA) is 17.6%.

Net salary is the total net salary after deducting all taxes and other employee benefits. This is the amount deposited in your bank account that you can use for your budget and living expenses. Simply put, Gross Salary - Deductions = Net Salary.

Net income is the income of an individual or business after deducting expenses, allowances, and taxes. In commerce, net profit is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.

Learn more about net income at

brainly.com/question/15530787

#SPJ4

3 0
1 year ago
it will gain you more knowledge, Intensify your soft skills, grow your strong work ethics and grow your network and grow your ne
frutty [35]
I am not Good at Business and all, but I think it's Experience that will satisfy.
3 0
3 years ago
Read 2 more answers
An executive of a large steel company put the blame for lower net income for a recent fiscal period on the ""shift in product mi
rodikova [14]

Answer:

A business can improve its average contribution ratio and its overall profitability, by shifting its sales mix to include more products with high contribution margin ratios.

In this case American steel company shift in product mix is due to a higher proportion of export sales. This shift caused to decline net income of the company. This is because the contribution margin ratio on export sales may lower than the other product mix. So, the shift of product mix to low contribution sales will cause to decline the net income.

3 0
3 years ago
The 2005 boston globe article discussing ticket scalping points out that the price people will pay for tickets will rise when se
natta225 [31]

Answer: c). supply is limited and demand is not limited

Explanation: When supply of a good is limited while its demand is not limited as rise in the price of the good, will not lead to a substantial decline in the quantity. The 2005 boston globe article discussing ticket scalping points out that the price people will pay for tickets will rise when supply is limited and demand is not limited. This limited supply will induce consumers to compete among themselves and pay a higher price in order to get the limited supply.

4 0
3 years ago
Assume that Division Blue has achieved a yearly income from operations of $166,000 using $976,000 of invested assets. If managem
bija089 [108]

Answer:

d.$87,920

Explanation:

Residual Income = Net Income - Cost of Investment

therefore

Residual Income = $166,000 - ($976,000 x 8%)

                            = $87,920

8 0
2 years ago
Other questions:
  • Use information from the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to determin
    9·1 answer
  • Xavier Co. wants to purchase a machine for $37,900 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur
    11·1 answer
  • A group of elderly men, whose government disability benefits are the sole source of income, is approached to consider an experim
    5·1 answer
  • Summit Systems has an equity cost of capital of 11.0 %​, will pay a dividend of ​$1.50 in one​ year, and its dividends had been
    12·1 answer
  • If the price of chicken feed decreases, the supply of chicken nuggets will shift
    12·1 answer
  • Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h
    8·1 answer
  • Larned Corporation recorded the following transactions for the just completed month.
    9·1 answer
  • Background information: In 2012, President Obama and Congress debated the issue of taxes and tax cuts.
    5·2 answers
  • You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1
    7·1 answer
  • According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetua
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!