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kompoz [17]
3 years ago
13

Depreciation: Multiple Choice

Business
1 answer:
Whitepunk [10]3 years ago
8 0

Answer:

4. Estimates the decrease in the value of capital goods due to wear and tear over the year.

Explanation:

In accounting terms and in the business world, depreciation is defined as the systematic loss or reduction in value of a fixed asset or capital goods over time due to wear and tear. It is used in estimating the useful life or life expectancy of the asset. Examples of those fixed assets include, buildings, furniture, tractors, etc.

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According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of
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Your right nothing wrong about that


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4 years ago
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An insurance agent’s files reveal the following facts about his policyholders: i) 243 own auto insurance. ii) 207 own homeowner
dybincka [34]

Answer: 407

Explanation:

Given the following :

Auto insurance (A) = 243

Homeowners insurance (H) = 207

Life insurance (L) =?

LnH = 55

AnH = 96

AnLnH = 32

total number of the agent’s policyholders who own at least one of these three insurance products = 407

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4 years ago
The following information has been obtained from the Massena Corporation: 100,000 shares of common stock were outstanding on Jan
aivan3 [116]

Answer:

247,500

Explanation:

The calculation showing the weighted average number of shares to be used in the calculation of the of the basic earning per share for 2018 is shown below:

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= 250,000 - 2,500\\= 247,500

3 0
3 years ago
All along the way Jefferson chafed at the jump in prices brought about by "harpies who prey upon travelers" returning to Philade
Margaret [11]

Answer:

the yellow fever outbreak

Explanation:

when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it

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3 years ago
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Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common s
galben [10]

Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

5 0
2 years ago
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