Answer:
Colorado Corp.
The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is:
= $0.
Explanation:
a) Data and Calculations:
Accumulated depreciation at December 31, Year 8 based on double declining balance method = $525,000
Accumulated depreciation at December 31, Year 8 based on straight-line method = $300,000
The required adjustment to the accumulated depreciation account = $0 ($525,000 - $525,000)
b) The accumulated depreciation account does not require a retrospective adjustment. It will remain at $525,000 while the company continues to apply the straight-line method going forward. The change is called a change in accounting estimate and not a change in accounting principle that requires retrospective application and adjustment to the previous years' accounts.
Answer:
1. is a qualification or level of competence that is authorized by a relevant third party to the specific qualification. It's usually in written form.
2. a- Gain work experience of the candidate.(eg occupational credentials) hence increasing earning capability.
b- Gain knowledge and proffessional skills that amounts to increase in competency lvls.
Answer:
The correct answer is (A)
Explanation:
Unsought Goods are the products or services that the customer does not think about or do not typically consider purchasing, and the attainment of which arises because of threat or the fear. These goods are unwanted by most of the customers until there comes the point where they desperately need it. In this case, Andrea did not think of the problem that could arise due to the cold weather.
Answer:
C) the industry would more closely approximate pure competition
Explanation:
A monopolistically competitive industry is one with different firms selling similar products that are slightly differentiated. It is very easy for firms to enter into industries that are monopolistically competitive. They also have the autonomy to increase their prices.
If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes they would then resemble a pure competition because they would all be selling identical products which would result in little or no competition.
The answer is true. The percentage change in quantity supplied as a result of a specific percentage change in the commodity's own price is known as price elasticity of supply.
It is determined by dividing the percentage change in the quantity delivered by the percentage change in the commodity's price. These factors impact the price elasticity of supply: Number of producers: simplicity of entrance. Spare capacity: If there is a change in demand, it is simple to expand production. Switching is simple when production of the good may be changed, making the supply more elastic. The availability of non-essential items like soft drinks.
To learn more about supply, click here.
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