1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mekhanik [1.2K]
3 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]3 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]3 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.

You might be interested in
Freulia Inc. manufactures and sells stationery and office supplies. It is beginning to lose its competitive advantage with the e
Gekata [30.6K]

Answer:

The answer is: rebuild its own competitive advantages

Explanation:

Core competencies give a company their competitive advantages, but as time goes on they tend to become core rigidities (e.g. Kodak's competitive advantage was based on its photographic film, but technology made affordable digital cameras available and Kodak went bankrupt).

Every company must rebuild their competitive advantages to adapt them to changing scenarios, cultures and technologies (e.g. Coke, Diet Coke and Coke Zero).

Freulia Inc. has to develop or modify their competitive advantages to keep doing business.

4 0
3 years ago
Products sold at factory outlets sometimes contain minor flaws<br><br> A.true<br> B.false
strojnjashka [21]
Hsjshsjshsjdh, it is true
4 0
3 years ago
Read 2 more answers
which trade sanction (embargo or subsidy) would be more effective in protecting domestic jobs? EXPLAIN WHY!!!
il63 [147K]

Answer:

International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad. While all of these effects seem beneficial, free trade isn't widely accepted as completely beneficial to all parties

In simplest terms, a tariff is a tax. It adds to the cost borne by consumers of imported goods and is one of several trade policies that a country can enact. Tariffs are paid to the customs authority of the country imposing the tariff. Tariffs on imports coming into the United States, for example, are collected by Customs and Border Protection, acting on behalf of the Commerce Department.6 7 In the U.K., it's HM Revenue & Customs (HMRC) that collects the money.

8 0
3 years ago
Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children. His da
san4es73 [151]

Answer:

Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.

Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.

Fairness of Process: Tell his kids he will leave the money to whoever does the most to take care of him in his old age.

Fairness of what is deserved or earned: Leave his money to the child whom he thinks deserves the most money.

8 0
3 years ago
Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a
meriva

Answer:

The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.

Explanation:

Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.

7 0
3 years ago
Other questions:
  • Asymmetric Frames Corp. had a return on equity of​ 15%. The​ corporation's earnings per share was​ $6.00, its dividend payout ra
    15·1 answer
  • Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
    10·1 answer
  • Which report shows which pages on your site get the most traffic and highest engagement?
    13·1 answer
  • Which development would most reflect Karl Marx's belief in the economic
    5·2 answers
  • Consumer products that customers see as basically the same and want to buy at the lowest price are called:
    6·1 answer
  • When would a productions possibilities frontier graph be used?
    15·1 answer
  • Tax accounting, llc, is a member-managed limited liability company. if the law in tax accounting’s state is like the law in most
    9·2 answers
  • RentAPhone is a new service company that provides European mobile phones to American visitors to Europe. The company currently h
    9·1 answer
  • How can manage my budget?
    8·1 answer
  • Is there a danger of vendors overstocking walmart shelves by virtue of using retail link and empowering vendors?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!