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Mekhanik [1.2K]
2 years ago
6

Accumulated Depreciation is:a. contra asset account b. is used to show the amount of cost expiration of intangibles c. is the sa

me as Depreciation Expense d. is used to show the amount of cost expiration of natural resources
Business
2 answers:
marshall27 [118]2 years ago
7 0

Answer:

a)  Contra Asset Account

Explanation:

Its is an asset account  with a negative (Credit) balance to show the amount of    the Accumulated Depreciation charged on a particular Asset to match the initial cost.

alina1380 [7]2 years ago
6 0

Answer:

The correct answer is A, contra asset

Explanation:

A contra asset is a negative asset account which is set off against the asset to which is related.

The depreciation on assets are not posted to the asset account because the asset account is only meant to show the initial cost of the asset,but the true value of the asset at  each reporting needs to be shown.

The way out is to set the balance in accumulated depreciation account(contra asset) against the balance in the asset account in order to ascertain the asset net book value.

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e. Which of the following statements is true? Deflation means that the price level is falling, whereas with inflation the inflat
s2008m [1.1K]

Answer:

The answer to this question is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising

Explanation:

Inflation is an increase in the general prices of goods and services in an economy on the other hand, deflation is the general decline in prices for goods and services, indicated by an inflation rate that falls below zero percent.

Hence the answer is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising

7 0
3 years ago
Read 2 more answers
Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
eimsori [14]

Answer:

The correct answer is $800

Explanation:

Giving the following information:

Fulbright Corp. uses the periodic inventory system.

Fulbright made the following purchases (listed in chronological order of acquisition):

· 40 units at $100

· 70 units at $80

· 170 units at $60

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

Ending inventory= [(100 + 80 + 60)/3]*10

Ending inventory= 80*10= $800

6 0
3 years ago
Hot Topic has a policy of promoting from within. If Hot Topic uses clearly defined selection criteria and a transparent process,
cestrela7 [59]

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

5 0
2 years ago
Who advanced both preservation and managing resources sustainably to found the discipline of wildland management used in the Uni
Mariulka [41]

Answer:

Aldo Leopold

Explanation:

Aldo Leopold (1887 - 1948) was a founder of wildlife management. He taught at the University of Wisconsin and is famous for his book <u>A Sand County Almanac</u>, 1949, which sold over 2 million copies.

His work focused on the development of environmental ethics and wilderness conservation.

4 0
3 years ago
True or false. the consumer sector is the largest part of the macroeconomy.
antiseptic1488 [7]
The consumer sector is the largest part of the macroeconomy

TRUE
4 0
3 years ago
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