1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The efficient markets hypothesis says that beating the market consistently is
N76 [4]

Answer:

brainly.com/question/25152897?answeringSource=feedPublic%2FhomePage%2F1#:~:text=High%20School-,The%20efficient%20markets%20hypothesis%20says%20that%20beating%20the%20market%20consistently%20is,-ADD%20ANSWER

Explanation:

3 0
3 years ago
**ECONOMICS** A tax paid on the value of a person's home is ______.
-Dominant- [34]
Property tax is paid on the value of a house
8 0
3 years ago
Read 2 more answers
Retained earnings: Group of answer choices
Slav-nsk [51]

Answer:

Retained earnings refers to:

D. The net losses and dividends declared since its inception of a company's cumulative net profit.

Explanation:

Retained earnings are referred as :

  • The overall earning the company have made till the present date.
  • This earning excludes the dividend money and the money of the investors distributed.
  • Whenever new records are made for the company this dividend money is readjusted.
  • This leftover money has an impact on the account related to the expense and revenue.
  • The retained earnings are built of the total income amount which has been given by a business after paying off the dividend to the shareholders.

So, here correct option is

D. The net losses and dividends declared since its inception of a company's cumulative net profit.

3 0
3 years ago
Currently, the leadership trend is to empower employees. When a leader empowers employees, that leader is giving them: Multiple
Anni [7]

As much freedom as possible to become self-directed and self-motivated is When a leader empowers employees, that leader is giving them.

<h3>What is the advantage of the self-motivated employees?</h3>

Self-motivate employees are the best performer in the organization as they are highly charged and devoted towards the company, so they tried to give their best in every aspect. They are more loyal towards their leaders as they both have trust relationship between each other.

Thus, option C is correct.

For further details about advantage of the self-motivated employees, click here:

brainly.com/question/14645593

#SPJ1

8 0
2 years ago
For a bank, when a person deposits money into the bank, this: a creates a liability and an asset for the bank. b creates a liabi
Blizzard [7]

Answer:

The answer is A.

Explanation:

Bank deposits from customers create both a liability and an asset for the bank.

1. As a liability: The deposit is the customer's money. The bank is keeping the money for the customer. The customer can withdraw the fund any time.

2. As an asset: The money deposited by the customer can be used by the bank to generate revenue pending when the customer withdraws the money. The money not yet withdrawn by customers is still in the possession of the bank and the bank controls it.

8 0
3 years ago
Other questions:
  • If you are a project manager and have the choice of forming your core team either before or after charter approval, which would
    12·1 answer
  • Buying a government bond is __________.
    8·2 answers
  • Arch gives you an amended Form W-4 dated March 9, 2018 on which he claims two additional withholding allowances. He asks you to
    8·1 answer
  • The b vitamin content of a whole grain is dramatically decreased during the refining process. to counteract these losses, in the
    5·1 answer
  • Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 350,000 Variable expenses 210,000 Con
    7·1 answer
  • An analysis of Baker, Inc.'s operating income for the last two years showed the following: Operating income for 2011 $1,200,000
    10·1 answer
  • Recruiting and retaining capable employees A. B) is important because the quality of an organization's people is always an essen
    10·1 answer
  • Compute the missing amounts. ​(Enter the contribution margin ratio to nearest​ percent, X%.)
    6·1 answer
  • Jake, a store keeper at Triscent Hypermarket, is accused of stealing food products from the store. When confronted by his manage
    7·1 answer
  • YALL ARE SO MOTHER FUCĶING DRAMATIC OVER A QUESTION
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!