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4 years ago

What is depreciation?

Business

2 answers:

andrew11 [14]4 years ago

8 0

Noun
a reduction in the value of an asset with the passage of time, due in particular to wear and tear

Stells [14]4 years ago

3 0

It could mean not being appreciative of another person's heartdly actions such as an employee who works really hard at his workplace but never gets acknowledged for his efforts by not giving him a wage raise. :)

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On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residen

zavuch27 [327]

Answer:

Recognized gain = $60000

Explanation:

Below is the calculation:

Price of personal resident = $400000

Selling price = $460000

Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.

Recognized gain = $460000 - $400000

Recognized gain = $60000

3 0

3 years ago

In a

artcher [175]

Answer:

Free-enterprise; government.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Free-enterprise economy.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

Hence, in a free-enterprise system, supply and demand forces affect the production and consumption decisions. There is little to no government control in such a system.

4 0

3 years ago

Why is the truth lending act good for credit consumers

leonid [27]

<h2>♨ANSWER♥</h2>

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans

☆...hope this helps...☆

_♡_mashi_♡_

3 0

2 years ago

Read 2 more answers

An organization may convert from an old system to a new system by choosing to run both the old and new systems at the same time

blsea [12.9K]

Answer:list

Explanation:

6 0

3 years ago

Control over cash disbursents is generally more effective when

Misha Larkins [42]

The control over cash disbursements is generally more effective when payments are made by check.

<h3>What is a cash disbursements?</h3>

Also known as cash payment, its refers to the outflow of cash paid in exchange for the provision of goods or services

Hence, the control over cash disbursements is generally more effective when payments are made by check.

Therefore, the Option D is correct.

Missing option a) all bills are paid in cash. b) disbursements are made by the accounts payable subsidiary clerk. c) all purchases are made on credit. d) payments are made by check.