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andrew11 [14]
3 years ago
15

Complete the final sentence with the best choice. Business assets have limited useful lives. After being used for a number of ye

ars, they must be retired from the business regardless of efforts to maintain or repair them. At the time of retirement, the assets may have a small trade-in or scrap value, or could be worthless. In either case, there is a loss in the value of the property. This loss is called _____.
Business
1 answer:
daser333 [38]3 years ago
5 0

Answer:

Depreciation

Explanation:

A business asset is an item which a company owns or leases in order to operate. It can be physical, tangible goods, such as vehicles, computers, office furniture etc.

These assets actually create value in your business - for example, intellectual property, goodwill etc.

Scrap value refers to the worth of an asset when it is deemed no longer usable.

Depreciation refers to the reduction in the value of an asset over time.

<u>Depreciation</u> refers to a loss in the value of the property after being used for a number of years.

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I. Rohit after doing his graduation has decided to run a retail shop as a source of livelihood.
omeli [17]

Answer:

b

Explanation:

just had the same question

4 0
3 years ago
Contingent workers are more important to firms with: a. highly seasonal demand for their goods and services. b. a need to fill h
Alex

Answer:

a. highly seasonal demand for their goods and services

Explanation:

A contingent worker is any worker that is hired and paid to carry out a specific job for a period of time.

Contingent workers are employees that aren't employed full time by an organisation.

They include part-time employees, consultants, seasonal employees, and interns.

I hope my answer helps.

6 0
3 years ago
If a firm decides it is in the best interest to collaborate on a development project, how would you recommend the firm choose a
Ahat [919]

Answer:

We live in a related world more so now than any time in recent memory before.In this scenery no business can have all the assets to take an interest completely in the worldwide commercial center without key unions, coordinated efforts and organizations.  

Effective endeavors are continually searching for assets to ceaselessly enhance their ebb and flow tasks and have the accepted procedures to stay ahead in the race.  

Joint effort is a vehicle to supplement the assets of an association and addition abilities to meet certain all around characterized targets. The substance might be deficient with regards to specific assets like money related quality, aptitudes and deliberately it might not have any desire to put resources into their zones of "shortcoming" for some an explanation.  

The firm might need to investigate for an imminent accomplice from its realized business system to begin with. Business and informal communities can furnish leads by taking part in conversations with them. Different zones for prospecting could be from the databases of mechanical improvement offices. Tried and true outsider specialist co-ops - offices right now be locked in to discover reasonable possibilities.  

By the day's end, organizations are about connections. Common regard for one another and shared qualities are important to have an effective organization to meet every others key business targets through such a joint effort. Essentially each ought to be expertly dedicated to such a dare to guarantee goals are met in soul and word.  

The Collaboration ought to be reported in an itemized way that would show the particular jobs of the separate gatherings.  

The manual should record governing rules for taking an interest accomplices to assume out their jobs genuinely.  

Key audit gatherings, choices on money related expenses must incorporate the state of both the substances in a reasonable way.  

Occasional outsider reviews of tasks ought to be a fundamental part of the manual.

3 0
3 years ago
Suppose that Matthew set up a system to measure the performance of his company. He investigates any process variations that caus
BlackZzzverrR [31]

Answer:nonfinancial ethical performance.

Explanation:Ethics in business refers to moral behavior when dealing with the company's customers, employees and vendors. All companies focus on the financial aspects of buisness which is the profit and loss.

Nonfinancial ethical performance is therefore the performance not related to financial aspects of buisness but can affect a company's structure in the short end long run.

It is necessary to consider the nonfinancial ethical performance for investment purposes. Nonfinancial ethical performance arises from compliance of legislation, standard best practices, welfare of staff, relationship with clients which are important for internal decision making. When all these performance s are not met they may affect a buisness in the short and long run.

8 0
3 years ago
What is journal and ledger​
Mila [183]

Answer:

<em>ledger account contains a record of business transactions.</em>

<em>while</em>

<em>  journal is  defined as the book of original entry.</em>

<em>Explanation:</em>

<em>A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.</em>

<em>A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger</em>

5 0
3 years ago
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