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umka21 [38]
3 years ago
5

When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the accumulated depreciation

account balance will increase by a larger amount in the last half of an asset's life than if straight-line depreciation is used. the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used. the net book value of the asset at the end of its useful life will be less than if straight-line depreciation is used. depreciation expense will be less in the early years of the asset's life than if straight-line depreciation is used.
Business
1 answer:
erastovalidia [21]3 years ago
4 0

Answer:

the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.

Explanation:

Let me use an example to illustrate this.

An asset has a useful life of 4 years. It costs $1000. It has a salvage value of 0

If the straight line depreciation method is used , the depreciation expense every year = $1000/ 4 = $250

The net book value halfway through its useful life = $1000 - ($250 x 2) = $500

If double declining method is used, the depreciation expense in the first year would be = 2/4 x $1000 = $500

The net book value at the beginning of year 2 = $1000 - $500 = $500

Depreciation expense in year 2 = 2/4 x $500 = $250

The net book value at the beginning of year 3 = $500 - $250 = $250

We can see that the net book value halfway through the useful is lower when double declining depreciation method is used

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Capital assets used by an enterprise fund should be accounted for in the a. Business-type activities journal but no depreciation
Diano4ka-milaya [45]

Answer:

b. Enterprise fund and depreciation on the capital assets should be recorded.

Explanation:

Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.

Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

4 0
3 years ago
Three people invest in a business. The first two invest in the ratio 2:3, and the third person
Diano4ka-milaya [45]

Answer:

$15 million

Explanation:

The three investors' total investments would add up to  100% or 1.

The first two invested in the ration of 2:3

It means ;

Investor 1:  2/5

Investor 2: 3/5

If investor 3 invested twice as investor 1 and 2, then we can deduce that he invested ( 2/5 + 3/5) x 2

the  new denominator is 10, meaning

Investor 1 had 2/10,

investor 2 had 3/10

investor 3 had 5/10

If total investments were $30 million, then the highest investor invested

5/10 x $30million

=0.5 x $30 million

=$15 million

5 0
3 years ago
Use the drop-down menus to analyze the writing prompt. Format: Examine a Centers for Disease Control advertising campaign that p
Wewaii [24]

There are different ways to promote vaccination. The Centers for Disease Control advertising are known to organize different campaign that helps to promotes the influenza (flu) vaccination.

It is often done through the use of promotional posters/flyers with the aim to advertise the various locations in the community that helps or offer seasonal flu vaccinations.

They also display posters that talks about flu vaccination in schools, break rooms, cafeterias, high-traffic areas, etc. There is the use of articles in that are published on newsletters, internet, emails, etc.

<h3>Why spread awareness on vaccination?</h3>

The organization are known to use celebrities or employers to be vaccine ambassadors thereby promoting vaccines within and outside organization. The use of all these media above has influenced the rate at which people get vaccinated. The use of posters and other public figures to encourage vaccination has help reduce the spread of disease among the people.

Learn more about  advertising campaign from

brainly.com/question/15211775

5 0
2 years ago
Read 2 more answers
If some one makes a deal to not work for 2 years and will pay you 100 billion dollars or should you choose a different man who s
-BARSIC- [3]
You would choose the last one. In two months, you make more money thank you would in those two years for the first man. 
3 0
3 years ago
The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,
34kurt

Answer:

$252,000

Explanation:

Calculation for the cost of goods sold for the Askew Company for the year ending June 30, 2021.

First step is to calculate the Net Purchase

Purchases 259,000

Less Purchase discounts (7,900)

Less Purchase returns (11,900)

Add Freight-in 20,800

Net purchase 260,000

Now let calculate the cost of goods sold

Inventory, 7/1/2020 33,900

Add 260,000

Less inventory balance ($41,900)

Cost of goods sold $252,000

Therefore the cost of goods sold for the Askew Company for the year ending June 30, 2021 will be $252,000

5 0
3 years ago
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