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2 years ago

Depreciation is included on a balance sheet to show that

Business

1 answer:

const2013 [10]2 years ago

5 0

Answer:

some fixed assets have lost value over time

Explanation:

Depreciation is the decline in the value of an asset due to usage, corrosion, or wear and time. Some fixed assets, especially plants and machinery, equipment, and motor vehicles, will always depreciate in value as they age. Depreciation spreads the cost of an asset over many years. The depreciation amount is calculated and subtracted from the cost of the assets or book vales at the end of the financial year.

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A parcel of real estate has been left to a woman through her husband's will for her use and enjoyment during her lifetime, with

wolverine [178]

Answer: A) Remainderman

Explanation:

A Remainderman may sound like something from a horror movie but it is a property law term that refers to a person that is billed to take over or inherit an estate after the LIFE ESTATE of the previous owner is terminated.

Life Estate is an agreement where a person owns a property or asset for the duration of their life but as soon as they pass on, the asset or property reverts back to the original owner of a THIRD party.

The Remainderman is the person who the property reverts to.

In the above scenario therefore, the woman is in possession of a Life Estate but the Stepson is the Remainderman.

7 0

3 years ago

Deet, an unmarried taxpayer, qualified to itemize deductions. Deet's adjusted gross income was $40,000 and he made a $1,500 subs

Blababa [14]

Answer:

$11,000

Explanation:

Based on the information given What will be the MAXIMUM AMOUNT OF THE CHARITABLE CONTRIBUTION ALLOWABLE as an itemized deduction on Deet's income tax return will be the amount of $11,000 which represent the amount the art value that Deet donated to the local art museum which was valued at $11,000.

Therefore the maximum amount of the charitable contribution allowable as an itemized deduction on Deet's income tax return is $11,000

4 0

3 years ago

@Kathrine_20033 please respond

Ronch [10]

Answer:

What? I can help you if you want

7 0

3 years ago

Use your knowledge of the common wind types to complete the blanks in the sentences below.

Liula [17]

Answer:

a). Chinook winds are created when cold air descending the sheltered (leeward) side of the Rockies is warmed by compression.

b). A circulation pattern consisting of a light wind blowing into the city from the countryside is characteristic of a country breeze.

c). A sea breeze is the result of the air over land heating, expanding, and rising, thereby creating a low-pressure area into which cooler air from over the ocean can move.

d). Heated air from mountain slopes gliding up along that slope results in a Valley breeze.

Explanation:

The given blanks have correctly been filled with terms matching the definitions provided. 'Chinook' is described as the descending warm, dry wind on the eastern side of the Rocky Mountains that generally blow from the southwest and can rapidly increase the temperature due to the much warmer air it brings. While country winds are the light winds that blow towards the city from surrounding countries. Sea breezes are defined as the air blowing off the sea on the nearby land and make the area cooler. Valley breeze is the warm air that blows up towards the slopes.

3 0

3 years ago

Joanna Mills has recently been promoted to the position of a project manager at Palmer, Inc., a software development firm. As a

Ainat [17]

Answer:

B) The sole criterion for Joanna's promotion was her effectiveness in meeting individual targets.

Explanation:

Joanna wants to guide her sbordinates in executing various projects but they are not proactively coming to her for advise. This indicates that before her promotion she was very good at doing work individually and most likely did not work collectively to achieve results.

Based on this background tlshe was promoted on the basis of her individual efforts and her staff are not comfortable coming to her for guidance, since this was not her style before promotion.

Her approachable nature in building a team would not have been a criteria, if not it would have resulted in greater request for guidance from subordinates.

3 0

3 years ago