Answer: The normal balance of the accumulated depreciation account is a credit balance. Therefor the statement is false.
Explanation: The accumulated depreciation account holds a credit balance in the company's balance sheet . It is the contra asset account. The accumulated depreciation states assets wear and tear and the assets useful life. when an assets are sold or put out of the use the accumulated depreciation will be reversed. It is a kind if an expenses. The accumulated depreciation is used to calculate assets in the book value. Accumulated depreciation can never exceeds the assets cost.
Depreciation is recorded in income and expenditure account.
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Answer:
Scientific Management
Explanation:
Frederick Winslow Taylor founded the theory of scientific management. It is also known as Taylorism. The primary function of the theory is to improve economic efficiency. The theory focuses on the improvement of both the individual and the organization collectively. Emphasis is put on enhancing the methods of working to increase production.
Answer:
A. increase in the price of the product
Explanation:
An increase in price of the product leads to a movement along the demand curve and not a shift of the demand curve.
A decrease in consumer income shifts the demand curve to the left
An increase in the price of a substitute leads to an increase in demand when a shift of the demand curve to the right.
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Answer:
If partner owned computers or IRS loaned computers or printers are lost or stolen, the partner is required to notify the IRS _immediately____. Partners should provide all information that is readily available to the local SPEC Territory Office.
Explanation:
All incidents of stolen and lost equipment must be reported to the IRS immediately, at least a day after the incident is reported. As part of the condition for the IRS-loaned equipment, partners are expected to report incidents of stolen and lost equipment not later than the next business day after the confirmation of the incident. If the lost or stolen equipment contained taxpayer PII data, the partner must report the loss of PII data based on the data breach guidance. This is why it is necessary to safely keep some information pertaining to the equipment, including the serial number, make, barcode, etc.
