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kkurt [141]
3 years ago
11

Depreciation is included on a balance sheet to show that

Business
1 answer:
const2013 [10]3 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 contract whose party failed to complete every aspect of the contract, but whose service has resulted in substantially the same
RSB [31]

Answer:

Substantial performance  

Explanation:

A substantial performance  is described as a  degree of performance of a contract which is not  full and complete in performance,  but which the performance is termed almost equivalent to what is expected.  In substantial performance, the essential obligations of the contract have been performed but not all that is required under the contract.

3 0
3 years ago
At the beginning of the month, the baking department of Mario Company had no beginning work in process inventory. At the end of
Gnoma [55]

Answer:

<u>1800 units </u>

Explanation:

Equivalent units refer to the number of units which would've been completed if all the efforts were directed at those units which were started during a month, which are of course less than the total units of work in process.

In the given case, equivalent units shall be computed as follows,

Equivalent number of units using weighted average method = Finished goods + Equivalent units in ending work in process

Equivalent number of units = 1200 + 800 × 0.75

Equivalent number of units = 1200 + 600 = 1800 units

4 0
4 years ago
Can disposable income be spent and lent
Veseljchak [2.6K]
Yes it can be !!!! Because of
6 0
3 years ago
Gmiendl, Inc., a German company, and Bordeaux Enterprises Co., a French company, verbally agree to a contract for the purchase a
skelet666 [1.2K]

Answer: Yes the contract is valid.

Explanation:

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is a binding agreement between nations. It sets rules to govern commercial contracts between parties in different countries.

Article 11 of the CISG states that a contract of sale does not need to be in writing and may even be proved by witnesses to the contract.

In other words, agreements made in conversation are enforceable and as both France and Germany are parties to the CISG, the contract is valid.

6 0
4 years ago
Bond P is a premium bond with a coupon rate of 9.2 percent. Bond D is a discount bond with a coupon rate of 5.2 percent. Both bo
Vera_Pavlovna [14]

Answer:

Please see attachment

Explanation:

Please see attachment

5 0
3 years ago
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