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Black_prince [1.1K]
3 years ago
11

When a company records depreciation it debits:_____.

Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer: A. Depreciation Expense and credits a contra-asset account.

Explanation:

Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.

Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.

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A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr
denpristay [2]

One thing that a process cost system cannot be used for from the given options is Motion pictures.

<h3>What is process costing?</h3>

This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.

Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.

Find out more on process costing at brainly.com/question/17129908

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5 0
1 year ago
BEFORE GETTING OUT OF YOUR CAR, AFTER PARKING AT A TWO-WAY STREET CURB, YOU SHOULD:
Semenov [28]

Answer:

C. Look for cars of bicycles on the traffic side of your vehicle.

Explanation:

Safety is always first, for you, and the people around you. To minimize risk of injury, you must check for oncoming cars or bikers.

7 0
3 years ago
Read 2 more answers
Proponents of rational expectations argued that the sacrifice ratio:______.a. could be high because people might adjust their ex
Arte-miy333 [17]

Answer:

b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible

Explanation:

In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible

Therefore as per the given situation, the option b is correct

3 0
3 years ago
Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

Explanation:

Having got the exprience in running a farm, couple with his financial and managerial knowledge from Accounting will help him to be successful.

8 0
3 years ago
Which statement about subsidiary ledger is most accurate
s344n2d4d5 [400]
The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
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3 years ago
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