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Rasek [7]
3 years ago
10

Able Co. leased equipment to Baker under a noncancelable lease with a transfer of title. Will Able record depreciation expense o

n the leased asset and interest revenue related to the lease?
Depreciation expense Interest revenue:__________.
a) Yes Yes
b) Yes No
c) No No
d) No Yes
Business
1 answer:
Crank3 years ago
3 0

Answer:

d) No Yes

Explanation:

In a noncancelable lease

Able ( lessor ) should not depreciate the leased asset because the tangible leased asset now, converted into the financial asset.

The interest income on this financial asset is recognized.

Each Lease payment is compromised of the interest income and principal repayment by the Baker (lessee)

Hence, Able should

Should not record the Depreciation.

Should recognized the interest income.

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Mary suffers $25,000 in uninsured losses in 2019 when her house burns down while she was on vacation. This loss was not due to a
galina1969 [7]

Answer:

$0

Explanation:

The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.

5 0
3 years ago
Name and explain the relationship between triple bottom line social responsibility
KonstantinChe [14]
The three bottom line in the social responsibility are :

- Economic
- Social
- Environment

This three bottom lines could directly affect each other. For example, as the company experienced an economic growth, it could increase the quality of the social and environmental element around the company through various Corporate social responsibilities.
7 0
3 years ago
Consistency of behavior is an asset to an organization when the organization Group of answer choices Has an aggressive culture E
user100 [1]

Correct question: Consistency of behavior is an asset to an organization when the organization ________.

A) has an aggressive culture

B) encourages innovation and risk taking

C) is highly departmentalized

D) has an employee oriented culture

E) operates in a stable environment

Answer:

E, operates in a stable environment

Explanation:

Consistency of behavior is the tendency of a individual to behave in a way or manner that they are known to behave from the past.

This consistency of behavior helps to ensure that the individual makes the best decisions which optimally ensures success of organization. THe consistency of an indidvidual's behiour is dependent on the environment created by the ogranization. A stable environment ensures behavioural consistency while an unstable condition within an organization could bring about the opposite.

Cheers.

3 0
4 years ago
Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable fut
N76 [4]

Answer:

The correct answer is c. Upward sloping yield curve .

Explanation:

Taking into account that it is determined that both the risk-free rate and the inflation rate will have no variation, it is possible to affirm that the yield can present two movements: an upward sloping curve; or a completely flat curve.

5 0
3 years ago
The process of observing and assessing employees' performance, recording the assessment, and providing feedback to the employee
OlgaM077 [116]

Answer:

C. performance Appraisal

Explanation:

Performance appraisal refers to an evaluation in the performance or activities of an employee done in order to understand the capacity of the employee and to point out areas for further growth and development. It involves the evaluation of employees in relation to projects or task in which the employee worked on and its contribution to the growth and development of the organization. It involves accessing, recording and providing feedback of an employee performance.

3 0
3 years ago
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