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3 years ago

A charge on land and building is

Social Studies

1 answer:

prohojiy [21]3 years ago

4 0

Answer:

Depreciation is often charged on buildings as opposed to land. However land and buildings could be a separate cost center for an entity.

Explanation:

The reason to why depreciation is charged on buildings is and not limited to wear and tear through time, new found technology used on buildings which is absent in the apparent building, new found efficient planning which is not present in an older building, usage rights i.e. if a building is on a mid to long lease period (5+ to 50+ years) and for every subsequent year the potential usable time period as per that contract decreases, hence decreases in value.

Land on itself is not depreciated since it is assumed that land has a unlimited life period and is fixed in supply. This assumption backs the phenomena of the rising price of land in most parts of the world. However, this doesn’t mean land is appreciated on an annual or on any periodical basis on corporate income statements, this is because it is against the realization concept of accounting.

Land could only be appreciated in certain occasions such as mortgage equity withdrawals or at disposal, etc.

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Why were the British concerned about French activity in the Ohio River valley?

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Because the Ohio River Valley was a great spot for farming (it had very fertile land), and there was and abundance of beavers, and their fur was very valuable. The British wanted this land for the profits, and so did the French, leading to the French and Indian War.

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3 years ago

Read 2 more answers

You are an eyewitness to a crime: A man has robbed a bank, but instead of keeping the money for himself, he donates it to a poor

True [87]

Answer:

The following steps in Ethical Decision Making Process would be adopted:

1. State the problem, and determine facts.

The problem here is stealing to finance the poor in the society (orphanage). The available facts are: A man robbed a bank and donates the money to the poor, the motives behind this is unknown since he didn't steal for his purse. It is not good to make assumptions so as to arrive at a good decision.

2. Check the ethical issues to be solved in the problem.

The ethical issue is stealing which conflicts with a society's moral principles. But, the positive is giving to the poor which is good the source of the money is however illegal.

3. Take a closer look at those affected.

The robber, the bank, poor orphanage, the society as a whole would be affected by my decisions.

4. Identify all decisions that you could take, their consequences, and make a decision.

Any decision I take would affect the robber who might be jailed and the orphans could lose the money or the Bank would remain affected, some bankers might be affected depending on the law and how the crime happened, and I would lose my good ethical values and breach the law if I should remain silent.

I would report to the authorities this would be a good decision because:

i. The bank would be saved.

ii. It could increase greater ethical values in the society.

iii. That's the right thing to do because irrespective of the good motive of a crime that doesn't remove the crime committed.

iv. The poor orphanage could receive financial support from people in the society.

Explanation:

Ethical decision-making gives one the freedom of choosing the right ethical principles among several other ethical principles. The goal is to make one do the right thing, stand for the right thing regardless of the risk, and to be consistent in applying great moral values that are consistent with good citizenship.

The 'Ethical Decision Making Process' steps to apply in the situation mentioned above include:

1. State the problem, and determine facts.

2. Check the ethical issues to be solved in the problem.

3. Take a closer look at those affected.

4. Identify all decisions that you could take and their consequences.

5. Apply the Ethical principles to the options.

6. Make a decision.

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3 years ago

The literary movement of Symbolism, with its preoccupation with tone color and metaphor, paralleled the musical movement of ____

ale4655 [162]

Answer:

Impressionism

Explanation:

The literary movement of Symbolism, with its preoccupation with tone color and metaphor, paralleled the musical movement of impressionism, symbolism is a literary movement parallel to Impressionism.

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3 years ago

In which sector of an economy would someone working as a software developer be?

Elanso [62]

The correct answer is D. Quaternary

Explanation:

In economy, there are mainly four economic sectors that cover the different economic activities a nation or state can have. These includes the primary sector that refers to extraction of raw materials including activities such as agriculture or fishing; the secondary sector that deals with the manufacturing process such as factories that produce bicycles; the tertiary sector that refers to services or intangible goods such as tourism and the quaternary sector that deals with information and knowledge services such as education or development or technology. Considering this, the sector of the economy in which someone working as a software developer would be is the quaternary as this sector deals with the development of technology and this includes the development of software.

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3 years ago

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White raven [17]

Answer:

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3 years ago