The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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Ron Wayne or Ronald Gerald Wayne sold 10% of his ownership of the Apple Computer (now Apple Inc.) in 1976 for $800. He is a retired American Electronics Industry worker that have co-founded the Apple Computer together with Steve Wozniak and Steve Jobs. He was responsible for giving administrative oversight for the venture of the new company during that period. If he had kept his shares, he would have gained $75.5 billion worth of shares from the said company.
Answer:
B) Factor the receivables outstanding.
Explanation:
Red can sell its accounts receivable to a factoring company. A factoring company buys accounts receivables and then collects them. Of course the price that they pay for the accounts receivable includes a certain discount on the total amount. If Red sells its accounts receivables it must report the factoring expense which reduces the total amount collected of accounts receivables.
The food handler must call the emergency medical service so that the patient can be seen as soon as possible and avoid a serious medical risk.
<h3>What is an allergy?</h3>
It is a term that refers to a set of alterations in the body that can affect the systems
- Respiratory
- Nervous
- Immunological
Allergies generally occur when the body has an extreme sensitivity to a substance to which it has been exposed, and that under normal conditions do not cause these alterations.
According to the above, the best way to treat an allergy is to call the emergency medical system because the patient's allergic reaction can be severe and cause choking or other serious symptoms that can cause death.
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