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
algol13
3 years ago
7

The useful life of a new plant asset _____. is the same as the asset's total productive life. might not exceed one year. might b

e estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset. is determined by the IRS.
Business
1 answer:
gulaghasi [49]3 years ago
8 0

Answer:

The correct answer is letter "C": might be estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset.

Explanation:

A company's assets represent the<em> cash, patents, accounts receivable, equipment, plants, </em>and <em>land</em>, among others, useful for the firm to generate profit. When it comes to plant assets, they are considered fixed assets for cost accounting purposes and are nothing but the <em>land, buildings and machinery</em> useful for manufacturing.

<em>Calculating the useful life of a plant asset can be complicated and may require engineering studies. However, if the expertise of an employee is good enough to determine it the firm must take advantage of this strength but if there is nobody with this capability the institution should look for someone who does moreover when it does not have experience computing the useful life of such assets.</em>

You might be interested in
Beneficiary is one who unintentionally gains a benefit from a contract between other parties
son4ous [18]
The answer is "incidental beneficiary".

An incidental beneficiary refers to somebody who indirectly acquires an advantage as the aftereffect of the fundamental reason for the trust. An incidental beneficiary is a recipient who isn't a planned recipient. For instance, a grandchild may profit by his/her parent accepting a blessing which could be utilized by the whole family, or which he/she may acquire from the parent. 
6 0
3 years ago
What are two advantages of the procurement integrated enterprise environment.
nevsk [136]

Answer:

Increasing visibility on all procurement stages. You can get access to the reports, documents, payments, workflows anytime. Data Security.

Explanation:

here is your answer if you like my answer please follow

4 0
2 years ago
The _____________ is the contract that seals the deal when you buy a car.
solmaris [256]
The answer is a loan agreement because you agreed to by the car
8 0
3 years ago
When a person receives an increase in wealth, what is likely to happen to consumption and saving?
Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

To learn more about consumption here,

brainly.com/question/14975005

#SPJ4

8 0
2 years ago
Many people in Rhenasia are spending less as there are only few good-paying jobs in the country. Many businesses in the country
scZoUnD [109]

Answer: Economy of the country.

Explanation:

The environmental characteristics affecting businesses in Rhenasia is the negative economy of the country. The country of Rhenasia is facing a recession in their economy, this has directly led to a drop in sale of businesses across the country.

4 0
3 years ago
Other questions:
  • Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 447,000 Cost of goods sold (all
    14·1 answer
  • A brand can be thought of as a promise you make to your customers. in order for the brand to be successful, the promise must be
    9·1 answer
  • The owners of a chain of​ fast-food restaurants spend $ 25 million installing donut makers in all their restaurants. This is exp
    9·1 answer
  • Anthony is deciding between different saving accounts at his bank.he has four options,based on how frequently interest compounds
    11·1 answer
  • A client reporting recent right eye discomfort is diagnosed with chalazion of the right eye. The nurse reinforces instructions t
    11·1 answer
  • Ford motor company sells the fusion ses for $24,400. the fusion hybrid sells for $29,975. what is the percentage increase in pri
    14·2 answers
  • The percentage of earnings paid out as dividends. A measure of a company's success in earning a return for all providers of capi
    9·1 answer
  • C
    13·2 answers
  • A machine costing $450,000 with a four-year life and an estimated $30,000 salvage value is installed by Lux Company on January 1
    6·1 answer
  • Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price,
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!