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LekaFEV [45]
3 years ago
14

What are the depleted amounts of tangible assets and intangible assets known as?

Business
1 answer:
Debora [2.8K]3 years ago
3 0

Answer:

Depreciation ; amortization

Explanation:

The tangible assets are those assets who are seen and ever touched. For this type of assets, the depreciation expense should be charged while on the other hand the intangible assets are those assets who are not seen not ever touched so for this type of assets the amortization expense should be charged

Therefore the above should be considered

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What does the reset() command do?
Rom4ik [11]
<span>This command resets the Winsock catalog to the default configuration. This can be useful if a malformed LSP is installed that results in loss of network connectivity. While use of this command can restore network connectivity, it should be used with care because any previously-installed LSPs will need to be re-installed. </span>
3 0
3 years ago
How many of the following statements about testing are true?
Rus_ich [418]

Answer:

The answer is E) Testing for controlling would most often involve scenario, integration and user acceptance testing.

Explanation:

In quality control, there involve a series of tests: Scenario testing, Integration testing and User acceptance testing.

Scenario testing is done once there a functionally that can be tested is developed. Under scenario testing, integration of functions is not done yet but it is possible to test the performance of the interface developed to ascertain how an end user will use it.

Integration testing involves testing the functionally of a combined unit assembled from individual units to see how well they perform as an integrated unit.

User acceptance testing is doe at the final phase to check how well it can perform in real time. This is meant to check user friendliness and ease of access.

8 0
3 years ago
On January 1, 2020, Cougar Sales, Inc. issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and
PSYCHO15rus [73]

Answer:

$700

Explanation:

If a bond is issued at a lower price than the face value of the bond, then the bond is issued on the discount. This discount is amortized over the bond's life. This amortization will be expensed as Interest Expense.

Discount = Face value - Issuance price = $15,000 - $14,700 = $300

Bond's Life = 6 years

Amortization of discount = $300 / 6 = $50 annually = $25 semiannually

Coupon Payment = Face Value x coupon Rate = $15,000 x 9% = $1.350 annually = $675 semiannually

Interest Expense Includes both the coupon payment and discount amortization for the period.

Interest Expense = $675 + $25 = $700

4 0
3 years ago
The journal entry for the purchase of inventory on account using the perpetual inventory system is:.
Solnce55 [7]

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

7 0
2 years ago
The following is the ending balances of accounts at December 31, 2018 for the Weismuller Publishing Company.
Crazy boy [7]

Answer:

Weismuller Publishing Company

A Classified Balance Sheet at December 31, 2018

Assets:

Current Assets:

Cash                                                $77,000

Accounts Receivable   172,000

less allowance             <u> 22,000</u>      150,000

Investments                                    152,000

Inventories                                      291,000

Prepaid Expenses                           <u> 94,000</u>         $764,000

Long-term Assets:

Prepaid Expenses                           66,000

Machinery & Equipment 332,000

less Accumulated Depr.  <u>116,000</u> 216,000       <u> $282,000</u>

Total Assets                                                      <u>$1,046,000</u>

Current Liabilities:

Accounts payable                        $66,000

Interest payable                             26,000

Deferred revenue                          86,000

Taxes payable                                36,000

Notes payable:

   Six months                 46,000

   One year                   <u>26,000 </u>    <u>72,000</u>          $286,000

Long-term Liabilities:

Notes payable:

   Two or more years              52,000

   Six years                              <u>106,000</u>              <u>$158,000</u>

Total Liabilities                                                   $444,000

Equity:

Authorized Common Stock, 700,000 shares

Issued Common Stock       $406,000

Retained Earnings                <u> 196,000</u>             <u>$602,000</u>

Total Liabilities + Equity                               <u>$1,046,000</u>

<u></u>

Explanation:

a) Prepaid Expenses are classified as follows:

Current Assets: $160,000 - $66,000 = $94,000

Long-Term Assets = $66,000 ($132,000/2)

Since a year's lease is due in the next year.

b) Investments are classified as current because they include treasury bills maturing on January 30, 2019, and marketable securities saleable next year.

c) Deferred Revenue is a current liability.

d) The classifications of notes payable are indicated in the balance sheet.

8 0
3 years ago
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