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DanielleElmas [232]
3 years ago
5

The money you borrow from a bank is called

Business
1 answer:
masya89 [10]3 years ago
6 0

Answer: it is called a loan

Explanation:

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Maria wants to start a new business in collaboration with her husband and brother-in-law. The features she is looking for in the
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Food manufacturers must be able to trace all ingredients ________ in case of contamination or recall
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The double-declining-balance and straight-line depreciation methods: multiple choice are the only acceptable methods of deprecia
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The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.

  • Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
  • The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
  • The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
  • The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.

<h3>Is double declining balance a method of straight-line depreciation?</h3>
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<h3>What is double declining balance depreciation method?</h3>
  • A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.
  • Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.

Learn more about double-declining-balance here:

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Which types of investments are securities
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