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zloy xaker [14]
2 years ago
15

Defined as a loss in value from any cause, depreciation is generally divided into three categories. The loss of value due to the

normal wear and tear on a property is called
a. physical deterioration.
b. functional obsolescence.
c. external depreciation.
d. economic deterioration.
Business
1 answer:
Zarrin [17]2 years ago
8 0

Answer:

a. physical deterioration.

Explanation:

Depreciation is the decrease or loss of value of an asset. Money, plants and machinery are subject to a decline in value due to various reason. Appreciation is gain in value and therefore, an opposite of depreciation.

Physical depreciation is the loss of value due to aging, or wear and tear.  It arises from the usage of the asset or collusion. Physical depreciation is naturally occurring.  It begins as soon the asset is purchased and placed under its intended use.

The cost of depreciation is the difference between an assets cost price and the estimated value after wear and tear.

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Answer:false

Explanation:

5 0
3 years ago
Accountants that have a Certificate in Public Accounting (CPA): a.must pass a national examination and be licensed by the state
Ostrovityanka [42]

Answer: Option A

                     

Explanation: Certified Public Accountant is an American Institute of Certified Public Accountants (AICPA) qualification for suitability in the accounting profession. The roles include financial analysis, accounting and reporting, accounting for assets, and management of treasury/cash.

Due to different rules and procedures in different states of America, the accountant must pass an examination and get license from the concerned authority if he or she wants  to practice in the state as a signatory authority.

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2 years ago
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information
bulgar [2K]

Answer: $18,700

Explanation

Net cash provided by the operating activities = $108,000

Add: Net cash provided by the financing activities = $16,000

Less : The net cash used for the investing activities = $118,500

The net increase in Cash will now.be:

= ($108,00 + $16,000) - $118,500

= $5,500

Add: Cash at the beginning of the year. This will be:

= $5500 + $13,200

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8 0
3 years ago
What is the name of the food production strategy, which is characterized by "slash and burn, swidden agricultural techniques use
tigry1 [53]
This food production strategy is what is commonly referred to as unsustainable agriculture. The agriculture process removes the delicate balance of flora and fauna in jungle or forested areas and quickly depletes the land of any remaining nutrients and is therefore unsustainable. The lack of concern or care for the natural environment can lead to larger catastrophes like the creation of scorched earth or desert-like environments where plant and animal life cannot return for decades, if ever.
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3 years ago
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct
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Answer:

Variable overhead efficiency variance= $558 favorable

Explanation:

Giving the following information:

Variable overhead 0.60 hours $ 3.10 per hour

Actual output 4,100 units

Actual direct labor-hours 2,280 hours

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (0.6*4,100 - 2,280)*3.10

Variable overhead efficiency variance= $558 favorable

8 0
2 years ago
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