An accumulated depreciation and depreciation expense are classified, respectively, as <u>expense, contra asset</u><u>.</u>
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<h3>What is a Depreciation expense?</h3>
This refers to the reduction in the cost of the fixed asset used in the business operations to generate profits as a result of wear and tear. It is a form of non-cash expense that is reported in the income statement. While the accumulated depreciation represents the cumulative depreciation expensed charged ever since the asset was put to use.
In conclusion, the accumulated depreciation account is a contra=asset account that is shown as a reduction from the gross fixed assets in the balance sheet.
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Answer:
it is like that because all people have different religions that they go by and other people respect there religion
Answer:
The answer is below
Explanation:
1. Reason why the United States was Justified in the way that they acquired Texas, because, before the Mexico-American war, the then United States President James K. Polk claimed that Mexicans in their war against the Independence of Texas had invaded US territory and shed American blood on American soil.
2. On the other hand, the reason why the United States was not Justified in the way that they acquired Texas is that the then President of the United States James Polk only aggravates the needs of the Mexico-American war, because he only believed in the doctrine of Manifest Destiny which states that the United States should expand its territories from the coast (East) to coast (West)
