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Andru [333]
2 years ago
14

Which statement describes how World War I affected those on the home front?

Social Studies
2 answers:
goldenfox [79]2 years ago
6 0
The United States homefront during World War I saw a systematic mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war. Although the United States entered the war in April 1917, there had been very little planning, or even recognition of the problems that Great Britain and the other Allies had to solve on their own home fronts. As a result, the level of confusion was high in the first 12 months.
mr_godi [17]2 years ago
3 0
The United States homefront during World War I saw a systematic mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war. Although the United States entered the war in April 1917, there had been very little planning, or even recognition of the problems that Great Britain and the other Allies had to solve on their own home fronts. As a result, the level of confusion was high in the first 12 months. The war came in the midst of the Progressive Era, when efficiency and expertise were highly valued. Therefore, both individual states and the federal government established a multitude of temporary agencies to bring together the expertise necessary to redirect the economy and society into the production of munitions and food needed for the war, as well as the circulation of beliefs and ideals in order to motivate the people.
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Answer:

Depreciation is often charged on buildings as opposed to land. However land and buildings could be a separate cost center for an entity.

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The reason to why depreciation is charged on buildings is and not limited to wear and tear through time, new found technology used on buildings which is absent in the apparent building, new found efficient planning which is not present in an older building, usage rights i.e. if a building is on a mid to long lease period (5+ to 50+ years) and for every subsequent year the potential usable time period as per that contract decreases, hence decreases in value.

Land on itself is not depreciated since it is assumed that land has a unlimited life period and is fixed in supply. This assumption backs the phenomena of the rising price of land in most parts of the world. However, this doesn’t mean land is appreciated on an annual or on any periodical basis on corporate income statements, this is because it is against the realization concept of accounting.

Land could only be appreciated in certain occasions such as mortgage equity withdrawals or at disposal, etc.

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