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
Offshore oil-drilling operations entail an unavoidable risk of an oil spill, but importing oil on tankers presently entails an e
astraxan [27]

Answer:

A) Tankers can easily be redesigned so that their use entails less risk of an oil spill.

Explanation:

The option that if true most seriously weakens the argument above is: tankers can easily be redesigned so that their use entails less risk of an oil spill because the statement says that importing oil on tankers entails a greater risk of an oil spill than offshore oil-drilling and the option chosen directly talks about that and says that the tankers can easily be redesigned to decrease the risks of an oil spill which goes against the argument given.

The other options are not right because the options B and C support the argument given. Also, options D and E doesn't talk about oil spill which is the topic on the argument presented.

3 0
3 years ago
Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t
Debora [2.8K]

Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

4 0
3 years ago
The P/E ratio for a certain stock was high. This means _____.
Paraphin [41]
4.when you divide the closing price by the dividend you get a number higher thsn 50
8 0
3 years ago
Which of the following is used to describe government policies that restrain trade between states?
Alisiya [41]
Protectionism--it's the opposite of Free Trade.  Typically the idea with protectionism is to protect a nation's home industry from an influx of lower priced imports.
7 0
3 years ago
Assume that John and Jane each work 24 hours. What happens to total production if instead of each person spending 12 hours produ
Vesnalui [34]

Answer:

A. The total production of bread and wine rises

Explanation:

<u>Note:  The question appeared incomplete as neither John's nor Jane's production efficiency is provided. A similar question has been attached for reference purpose upon which this answer is based</u>.

Jane takes 2hrs for making a bottle of wine while John takes 3 hours for preparing a bottle of wine. Hence Jane is more efficient in production of wine than John and if Jane devotes more hours to wine production, the production of wine shall rise.

Similarly, John is more efficient in production of bread as he takes 1 hour for producing a loaf of bread against Jane who takes longer i.e 1.5 hours. Thus, if John devotes more time in preparing bread, the production of bread shall rise.

Hence, the correct answer is (A). The total production of bread and wine each rises.

4 0
3 years ago
Other questions:
  • You work in the customer care division at flannery electronics. mr. gallegos, a longtime customer, is experiencing a problem wit
    15·1 answer
  • A movement from point A on AD1 to point C on AD2 could have been the result of: an increase in consumer optimism. the central ba
    9·1 answer
  • You have just received notification that you have won the $2.0 million first prize in the Centennial Lottery. However, the prize
    12·1 answer
  • David tunes pianos in his spare time for extra income. Buyers of his service are willing to pay $135 per tuning. One particular
    11·1 answer
  • Beginning inventory amounted to 1,000 units. This period, 4,200 units were started and completed. At the end of the period, the
    6·1 answer
  • The current ratio is calculated as total current assets divided by total current liabilities.
    13·1 answer
  • American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Co
    8·1 answer
  • Please hurry!
    6·1 answer
  • The following note was contained in a recent Ford Motor Company annual report:
    8·1 answer
  • ________ moving averages react more slowly to recent demand changes than do ________ moving averages.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!