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3 years ago

What are the criteria for distinguishing between a deductible expense and a capital expenditure?

1 answer:

6 0

The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.

If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.

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James is in a class at high school that his regular teachers teach. When he graduates, he plans on enrolling in the local commun

Gemiola [76]

Answer:

Explanation:

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3 years ago

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a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages

padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em> $\frac{2}{3}$ <em> × the sister's age two years ago</em>

⇒ $x - 2 = \frac{2}{3}(x+1)$

⇒ $x - 2 = \frac{2}{3}x + \frac{2}{3}$

⇒ $x - \frac{2}{3}x = \frac{2}{3} + 2$

⇒ $\frac{1}{3} x = \frac{8}{3}$

⇒ $x = \frac{8}{3}. 3 = 8$

=> x + 3 = 8 + 3 = 11

So the present age of the boy is 8 years old, of the sister is 11 years old

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3 years ago

Select all that apply Given the accounts below, choose all of the ones that affect equity. (Check all answers that apply.) Multi

Nataly [62]

The accounts that affect equity are revenues, common stock, expense, and dividends.

The following information should be relevant for the equity:

If there is an increase in revenue so the equity is also increased.
If there is an increase in the common stock so the equity is also increased.
If the expense is increased so it decreased the equity.
If the dividend is paid so the equity is decreased

In this way, the equity account is affected.

Learn more about the equity here: brainly.com/question/3841249

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3 years ago

High school is referred to as _____ education.

Vanyuwa [196]

Answer:

secondary

Explanation:

as 10 class is rrferred to as secondary education

plz folliw me

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3 years ago

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The heart of the internal records system is the ________ because customers favor firms that can promise timely delivery. A. sale

Brut [27]

Answer:

C. order-to-payment cycle

Explanation:

Order to cash, also known as the or the quote-to-cash cycle, refers to the process of receiving and completing a sale the beginning with the placement of the order and ending with the payment.

I hope you find this information useful and interetsing! Good luck!

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3 years ago