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3 years ago

Which of the following is true about depreciation?

Business

1 answer:

Vladimir79 [104]3 years ago

5 0

Answer:

a) Depreciation expense is a special kind of prepaid expense.

Explanation:

Depreciation expense is treated the same way as amortized costs, which are actually a type of "prepaid" expenses. You depreciate an asset over time in a similar manner as you accrue prepaid expenses. Accumulated depreciation and carrying value are not meant to reflect an asset's market value since a can company can choose accelerated depreciation, bonus depreciation or even expensing the asset. Accumulated depreciation is a contra asset account that reduces the asset's carrying value.

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What may happen if your job does not require you to use the aptitudes you possess?

Viktor [21]

Answer:

they will be underused and learning new interests may become necessary.

Explanation:

Aptitudes usually refer to a person's inborn abilities or talents which include their mental and physical skills.

For example, If Mr. John knows how to sing but finds himself working as an IT specialist for a Security company, there is a high tendency that he will underuse his singing abilities and be more interested in learning IT skills than if he was working for a Radio station.

8 0

3 years ago

What has been the pattern of union membership in recent years?

natima [27]

D. growth of neither public nor private sector unions

Explanation:

In recent years both Public and private unions have lost popularity among the workers as they have been slowly losing their importance in the modern capitalistic societies.

Union memberships were important for the security of the rights of the workers and these unions were often quite influential too. This has not remained the case unfortunately.

With sanctions in place, unions do not have an effective job to do and their popularity has dwindled.

7 0

3 years ago

Read 2 more answers

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,874. Cash receipts yet to be de

My name is Ann [436]

Answer:

Bank Reconciliation Statement

Balance at bank as per the Cash Book (updated) $7,885

Add Unpresented Cheques $1,355

Less Bank Lodgements not yet credited ($3,268)

Balance as per bank statement $5,972

Bank $39 (debit)

Interest Earned $39 (credit)

Bank service fee $28 (debit)

Bank $28 (credit)

Explanation:

Step 1 Bring the Cash Balance in the Cash Book up to date

Debit :

Balance as at August 31, 2021, $7,874

Interest Earned $39

Totals $7,913

Credit:

Bank service fee $28

Balance Up dated (Balancing figure) $7,885

Totals $7,913

Step 2 Prepare the Bank Reconciliation Statement

Bank Reconciliation Statement

Balance at bank as per the Cash Book (updated) $7,885

Add Unpresented Cheques $1,355

Less Bank Lodgements not yet credited ($3,268)

Balance as per bank statement $5,972

6 0

3 years ago

Drudgen Fitness Inc. is a fitness equipment provider that markets its products through a chain of retailoutlets in four states.

Anarel [89]

Answer:

4) buying and installing new computers in the new outlets

Explanation:

The five component model of information systems includes what a company needs to create is IT infrastructure and it includes:

people: I firmly believe that people are the most important component of any system, at least until AI replaces us.
hardware: refers to the equipment needed (e.g. computers, etc.)
software: includes both system (windows or linux) and applications software (e.g. ERP software)
database: the place where collected data is stored, e.g. physical storage devices or cloud storage
network: the connections needed for different hardware to work together, e.g. cables, routers, internet service

8 0

3 years ago

The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. T

castortr0y [4]

Answer:

d) will become an importer of tomatoes.

Explanation:

Consumer surplus would increase because the price at which they buy tomatoes would reduce while producer surplus would reduce because the price of tomatoes would reduce as a result of international trade.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.Because the price of tomatoes in the US is greater than the price of tomatoes in the world, when the US begins international trade, it would import tomatoes because it is inefficient in the production of tomatoes.

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

4 0

2 years ago