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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.

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If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would
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Answer:

O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.

Explanation:

Here is the complete question :

If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be:

O a $57.2 increase in excess reserves and a $382.8 increase in required reserves.

O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.

O a $57.2 increase in required reserves and a $2,944.6 increase in excess reserves.

O a $440 increase in required reserves and a $2.944.6 increase in excess reserves.

Reserves is the total amount of a bank's deposit that is not given out as loans

There are two types of reserves

  1. Required reserve
  2. Excess reserve

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

0.13 x $440 =  $57.20

Excess reserves is the difference between reserves and required reserves

$440 - $57.20 = $382.80

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2 years ago
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their po
dedylja [7]
I Think The answer is True I hope it helps
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3 years ago
Patricia hires Albert to sell Patricia's expensive sports car. Albert agrees on a sale with Zeke, who wants to purchase the car
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Patricia is not bound to perform because the agency relationship was not disclosed.  Due to the details not being disclosed about Patricia's identity, shes not bound to perform her full duties. When working on a business deal it is necessary to provide any and all details about who you are to the other person in the transaction.

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3 years ago
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Compared to other industrialized nations, the united states has one of the ________ rates of childhood poverty.
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Compared to other industrialized nations, the united states has one of the highest rates of childhood poverty.

Compared to other age groups, the poverty rate for people aged 65 and over is the highest. Older women are more likely to live in poverty than older men.

Positive effect on learning for children from 2 years old. The same positive effects as entertainment television for children over 4 years old.

The official poverty line income threshold is set by multiplying the 1963 inflation-adjusted minimum food cost by a factor of 3 and adjusting for family size, composition, and age of the head of household.

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1 year ago
Universal Containers (UC) uses a legacy Employee portal for their employees to collaborate. Employees access the portal from the
kaheart [24]

Answer:

It's an independent system, because Salesforce is not part of the SSO setup.

Explanation:

A service provider is a website that hosts apps. You can enable Salesforce as an identity provider and define one or more service providers. Your users can then access other apps directly from Salesforce using SSO.

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