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4 years ago

The cost of equipment is expensed

Business

2 answers:

dedylja [7]4 years ago

7 0

Answer:

The answer is: b

Explanation:

Depreciation is a non-cash expense that is recognised in the income statement over the useful life of an asset. An asset is a business resource which can be used to generate economic value for the foreseeable future. The matching principle in accounting dictates that expenses incurred to generate revenue should be recognised in the same period which the revenue is earned. In this case, the equipment is purchased to generate revenue for the business, therefore the depreciation expense is recognised in the period where revenue is generated over its useful life. This recognition occurs over the periods when the equipment is utilised by the business, or is deemed beneficial to the business, that is from the purchase date of the equipment to the disposal date of the equipment.

elena-s [515]4 years ago

4 0

I believe it would be C I apologize if not

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Monster Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produce

user100 [1]

Answer:

Direct material quantity variance= $4,800 unfavorable

Explanation:

Giving the following information:

Standard quantity= 3 hours per unit

Standard cost= $16.00 per hour.

During January:

2,000 products are produced using 6,300 direct labor hours.

To calculate the direct labor quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2,000*3 - 6,300)*16

Direct material quantity variance= (6,000 - 6,300)*16

Direct material quantity variance= $4,800 unfavorable

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3 years ago

A mechanic sued his former employer in federal court, claiming that the employer had discharged him because of his age in violat

Olenka [21]

Answer:

The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)

Explanation:

In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party

So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed

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3 years ago

Denise accidentally deleted a sentence from her document. How can she replace it without retyping it?

Paha777 [63]

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3 years ago

If you expect the price of gold to increase in the near future, your demand for gold today will increase.A. TrueB. False

9966 [12]

Answer:

A. True

Explanation:

Gold is a valuable commodity acquired for various reasons. In economists, gold is as a store of value and an investment tool. Gold is traded in the financial markets like other valuable metals such as silver and copper.

If investors anticipate the price of gold to rise in the near future, demand for gold will increase. Gold will be bought as an investment asset for speculative purposes. Traders will buy gold and the current prices and wait to sell when the prices rise. Investors take advantage of price movement to make profits.

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4 years ago

Jana is an action researcher who wants to better understand what predicts student success on the statewide standardized biology

asambeis [7]

Answer: I found the complete statement on google:

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3 years ago