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viktelen [127]
3 years ago
5

When recording depreciation, which of the following statements is true?

Business
1 answer:
professor190 [17]3 years ago
5 0

Answer:

D. None of the above are true.

Explanation:

As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account

In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased

whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount

The journal entry is shown below for better understanding

Depreciation Expense A/c XXXXX

To Accumulated Depreciation XXXXX

(Being depreciation expense is recorded)

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According to John Firman, the research director for the International Association of Chiefs of Police (IACP), the most common re
elena-s [515]

Answer:10;5.

Explanation:John Firman was an adjunct professor in the American University, he teaches Seminar in policing in the Graduate schools of the institution. He has also worked with the Governor of Illinois, where he worked as an Associate Director of the Illinois Criminal Justice Authority between the year 1985-1994 Mr. John Firman is the Director of the Research Division of the International Association of Chiefs of Police (IACP.) According to professor Firman,the most common restriction on hiring applicants for police service with a history of drug use within the recent past is ten years for hard drugs and five years for marijuana.

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3 years ago
Very urgent, i need this answered asap
inn [45]

Answer:

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8 0
3 years ago
2 ways that you can simplify 112 over 220
Sidana [21]

Source: Net

Find the GCD (or HCF) of numerator and denominator

GCD of 112 and 220 is 4

Divide both the numerator and denominator by the GCD

112 ÷ 4

220 ÷ 4

Reduced fraction:  

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55

8 0
3 years ago
When a company sets a high price for a new product with the intention of reducing the price in the future, it is using the _____
bazaltina [42]

Answer:

Market Skimming

Explanation:

Market skimming is a pricing technique whereby producers and organizations set high introductory prices in order to attract buyers with strong affinity for the products and who possess the resources to buy it, Then over time continue to gradually reduce to products so others in the market could afford it. It is also known as price skimming, involves setting high prices for a product just launched in the market. A highly selective market is where techniques like this thrives.

8 0
3 years ago
Read 2 more answers
EA16.
Artist 52 [7]

Answer:

Explanation:

The journal entry is shown below:

Work in process A/c - shaping department Dr $35,000

Work in process A/c - packaging department Dr $25,000

         To Manufacturing overhead A/c $60,000

(Being apply overhead to the manufacturing departments is recorded)

The computation is shown below:

For shaping department

= 3,500 machine hours × $10 per machine hour

= $35,000

For Packaging department

= 2,500 machine hours × $10 per machine hour

= $25,000

5 0
3 years ago
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