Marcus finds that a check written by a customer and deposited has not yet been posted

Which of the following is not true regarding Depreciation? Group of answer choices Depreciation allocates the cost of a fixed as

Mariulka [41]

Answer: Depreciation expense reflects the decrease in market value each year.

Explanation:

Depreciation is the decrease in the value of an asset due to the passage of time. Overtime, the value of machineries reduce as a result of usage. Depreciation is therefore the reduction in the value of assets. Depreciation is also the method used tin reallocating the cost of a tangible assets over its useful life span. Firms depreciate assets for accounting and tax purposes. The reduction in the value of an asset has am effect on the balance sheet of an entity.

The answer to the question is the second option. Depreciation does not have anything to do with the market value. Other options are correct except for the second option which states that depreciation expense reflects the decrease in market value each year.

8 0

3 years ago

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Strategic mgmt the two best reasons for investing company resources in vertical integration (either forward or backward are to

LenKa [72]

<span>add materially to a company's technological capabilities, strengthen the company's competitive position, and/or boost its profitability.</span>

6 0

3 years ago

Amy earns an annual salary of $40,000 working for the law office of smith and jones. calculate her gross pay per paycheck if she

Aloiza [94]

1,666 divide it by 12 then divide it by 2

3 0

3 years ago

On January 1, Year 1, Zero Company obtained a $52,000, 4-year, 6.5% installment note from Regional Bank. The note requires annua

Gnom [1K]

Answer:

$ 11,799 is the principal balance of the note payable.

Explanation:

The Interest expense for the installment note on the year of the December 31, year can be determined by the following equation that are mention below

$= 52,000 * 6.5\ percent$

$52,000 * \frac{6.5}{100}$

$= $\ 3,380$

Now the Principal balance of the component in $15,179 payment of the December 31, year 1 can be determined by the

$principal\ and \ interest\ of \ note\ annual\ payments - Interest\ expense \ for\ the\ installment\ note$

$= 15,179 -3,380$

=$ 11,799

5 0

2 years ago

The following are several figures reported for Allister and Barone as of December 31, 2018.

IrinaVladis [17]

Answer:

1) INVENTORY = $540,000 +$340,000 - (188000*0.15*40.30%/140.30%)

= $880,000- $1800 = $878200

2 Sales =$1,080,000 + $880,000 -$188,000= $1,772,000

3) Cost of goods sold =540000+440000-188000+1800 =$793800

4) Operating expenses = 250000+320000+ 12800 = $582,800

5) Net income attributable to NCI = $10,540

Explanation:

In the closing there is an unrealised profit of(188000*15%) = $28200 * 40.30%/140.30% =$8100

to get the mark up of 40.30% We take [(188000-134000)/134000]*100

Amortisation = 64000/5 =12800

5) Calculations

Non Controlling Interest( NCI) has an attributable profit only from the profits made by the subsidiary (Barone) therefore we need to calculate the profit of Barone separately as NCI is the remaining 10% in Barone

(880000-440000-320000-12800) = $107,200-1800 = $105400*0.1= $10540

3 0

3 years ago

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