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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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The increase in unemployment that occurs during recessions and depressions is called Group of answer choices normal unemployment
belka [17]

Answer:

cyclical unemployment.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

A cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.

Mathematically, cyclical unemployment rate can be calculated using the formula;

Cyclical \; unemployment \; rate \;  (CU) = Actual \; unemployment \; rate \; (AU) - Natural \;unemployment \; rate \; (NU)

Hence, the increase in unemployment that occurs during recessions and depressions is called cyclical unemployment

7 0
3 years ago
Cheryl is watching the weather forecast for an outdoor senior picnic project that she planned to determine whether the picnic wi
ch4aika [34]

Answer:

Monitoring and Controlling

Explanation:

Note that, in Project management  process stages there are typically five phases:

  1. initiating,
  2. planning,
  3. executing,
  4. controlling and
  5. closing.

However, from this scenario in which Cheryl is watching the weather forecast for an outdoor senior picnic project, it shows that she is monitoring and trying to control all aspects of the planned picnic project against the risk of bad weather.

4 0
3 years ago
x-co issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to reco
gizmo_the_mogwai [7]

If the company issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to record this event includes: is: Debit  Cash $100,000 ; Credit to Preferred Stock $100,000.

<h3>How to prepare the journal entry?</h3>

Based on the given information we were told that the company issued  1,000 shares in which the cumulative preferred stock is the amount  $100 cash per share. The appropriate journal entry to record the transaction is:

Journal entry

Debit  Cash $100,000

Credit to Preferred Stock $100,000

( To record preferred stock)

Workings:

Preferred stock = 1,000 shares × $100 cash per shares

Preferred stock = $1000,000

Therefore the correct journal entry to record the transaction is to debit cash with the amount of $100,000 and credit Preferred stock with the amount of $100,000.

Learn more about journal entry here: brainly.com/question/14279491

#SPJ1

6 0
1 year ago
Should I still Go?
german
If the date of the appointment has been rescheduled, it's only logical not to show up on the day it was moved. Go to the appointment next week.
7 0
3 years ago
Read 2 more answers
I contract with you to buy your desk for $100. Is this an example of common law or UCC?
Airida [17]
Its an example of UCC
6 0
2 years ago
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