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tankabanditka [31]
3 years ago
14

The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:__

____. a. amortization. b. depletion. c. allocation. d. depreciation.
Business
1 answer:
kondaur [170]3 years ago
3 0

Answer:

a. amortization

Explanation:

The intangible assets are those assets which cannot be seen or even touched and are reported in the asset side of the balance sheet

The examples are patents, copyrights, trademarks, goodwill, etc.  

The journal entry to record the amortization expense is shown below:

Amortization expense A/c Dr XXXXX

     To Intangible asset A/c $32,380

(Being amortization expense is recorded)

The amortization expense for the intangible assets is considered, not the depreciation expense plus it reduced the utility of intangible assets

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Kim, a CPA, works for a small accounting firm consisting of two managing partners, six accountants and four secretaries. During
galina1969 [7]

Answer:

The company is NOT in anyway required to either make, offer or provide accommodations to Kim

Explanation:

Based on the information given the company is NOT in anyway required to either make, offer or provide accomodations to Kim reason been that the ADA only tend to applies to companies which has either 15 employees or employees that are higher or more than 15 employees in which the accounting firm which Kim work for did not fall under the category as well as the coverage of the act because the accounting firm is a small firm which we were told consist of 2 managing partners, 6 accountants as well as 4 secretaries making them 12 employees in total.

Therefore the company is NOT required to provide any accomodations to Kim

4 0
2 years ago
Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is th
marta [7]

Answer:

C. Both (i) and (ii) are true

Explanation:

Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.

Under perfect competition, both supplier and consumer surplus exist.

Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.

5 0
3 years ago
If the fed wants to _______ the money supply, it discourages bank loans.
scoray [572]
<span>This would be a way to lower the money supply. By discouraging bank loans, there becomes fewer overall dollars in the hands of the general public. Fewer dollars held by people overall equals a smaller overall money supply. Bank loans to the public would be a way of increasing the money supply, in the opposite instance.</span>
5 0
3 years ago
Cost of goods sold for a merchandising company, direct materials and commissions are all examples of
katovenus [111]

For a merchandising company, the cost of goods sold, direct materials, and commissions are <u>variable costs</u>.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes.  Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of <u>variable costs</u>.

Learn more about variable costs here: brainly.com/question/5965421

8 0
2 years ago
Suppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,00
xeze [42]

Answer: The correct answer is e). 3.67%

Explanation: An ordinary annuity is a series of payments made at the end of each period.

The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)

Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.

Therefore; 3500000 = 250000×((1-(1+r)^-20)/r

This will give the rate as 3.67%

4 0
3 years ago
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