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3 years ago

What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?

Business

2 answers:

andre [41]3 years ago

8 0

Depreciation is the name

bonufazy [111]3 years ago

6 0

Answer:

Depreciation

Explanation:

This is the constant drop in the values of an asset over a given period of time. With depreciation, the efficiency and effectiveness of such asset withers.

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Classify the following items as Direct materials, Selling and administrative expense, Factory overhead, or Direct labor. a. Rent

xxTIMURxx [149]

Answer:

a. Rent expense on factory building = Factory overhead, because it is the factory building.
b. Sales supplies used = Selling and administrative expense.
c. Factory supplies used = Factory overhead.
d. Indirect materials used = Factory overhead.
e. Wages of assembly line personnel = Direct Labor.
f. Cost of primary material used to make product = Direct Materials.
g. Depreciation on office equipment = Selling and administrative expense.
h. Rent on office facilities = Selling and administrative expense.
i. Insurance expired on factory equipment = Factory overhead.
j. Utilities incurred in the office = Selling and administrative expense.
Advertising expense = Selling and administrative expense.

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3 years ago

Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o

Ede4ka [16]

Answer:

920 (Unfavorable)

Explanation:

Labor rate variance = Actual direct labor hours (Actual direct labor rate - Standard direct labor rate)

Labor rate variance = 2,300 * ($21.7 - $21.3)

Labor rate variance = 2,300 * 0.4

Labor rate variance = 920 (Unfavorable)

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3 years ago

How does Quickbooks online use smart learning?

kvasek [131]

Answer:

Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds. Because bank feeds includes all transactions of bank account. What 2 reasons might mean a transaction needs to be excluded in bank feeds?

Explanation:

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2 years ago

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You have two equal investments that always have exactly opposite returns. how will your total value of both investments vary ove

nlexa [21]

The correct answer is C. The total value of both investment after a given time will stay the same. Investments involves putting up money or assets into use with an aim of generating and creating more income. Therefore in this case if one income is generating income while the other is generating losses, then the overall investment from the two investment remains the same.

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3 years ago

True or False Question

Len [333]

Answer:

true

Explanation:

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2 years ago

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