All categories

2 years ago

Companies can depreciate equipment in which of the following ways?

Business

2 answers:

finlep [7]2 years ago

7 0

Answer: asset cost, salvage value, useful life, and obsolescence.

Explanation: Any method may be adopted by companies

grigory [225]2 years ago

4 0

Answer:

Depreciation is the method of accounting used to allocate the cost of a tangible asset over its useful life and is used to account for declines in value is called depreciation. A long-term asset is depreciated for tax and accounting purposes. Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up.

Depreciation can me measured in the following ways: Straight line method, Diminishing method, Sum of the year digit method, and others

Explanation:

You might be interested in

1. Which of the following is NOT a reason why employees lose their jobs?

stich3 [128]

Answer:B. Good attendance

Explanation: Employers want their employees to have good attendance, this is a good quality, it is NOT a reason why employees lose their jobs.

4 0

3 years ago

What annual rate of return is implied on a $2,500 loan taken next year when $5,375 must be repaid in year 6? (Do not round inter

Zarrin [17]

Answer:

16.54%

Explanation:

We have to applied the rate formula that is shown in the attachment.

The NPER shows the time period.

Given that,

Present value = $2,500

Future value or Face value = $5,375

PMT = $0

NPER = 6 years - 1 years = 5 years

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

The present value come in negative

So, after solving this, the annual rate of return is implied is 16.54%

4 0

2 years ago

Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,0

padilas [110]

Answer:

D. $42,000 should be debited to Land Improvements

Explanation:

The cost of the land housing the parking is recorded in the land account. Other costs such as paving cost and lights are improvements and as such are added and recorded in the Land Improvements accounts.

Total Land improvements = $30,000 + $12,000

= $42,000

The right answer is D. $42,000 should be debited to Land Improvements.

4 0

3 years ago

if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?

valkas [14]

It is 5% for rate Unemployment

4 0

2 years ago

Carefully examine the example problem statement and select which criteria listed below have been met.

Angelina_Jolie [31]

Answer:

Criteria 2: The magnitude or impact of the problem is clear.

Explanation:

The problem is well defined in the statement given above. Cryptocurrency is one of the latest investment opportunity for the investors. It is a digital asset which is traded online with different investors. It is used to trade online where physical transfer of cash takes much time or is not possible at all. The magnitude and impact of cryptocurrency is well defined.

6 0

2 years ago