Answer:
u..............................
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Answer:
c. $50,000.
Explanation:
Depreciation: The depreciation is a non-cash expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement.
The computation of the depreciation expense under the straight line method is shown below:
= (Original cost - expected salvage value) ÷ (estimated life of the equipment)
= ($360,000 - $60,000) ÷ (6 years)
= ($300,000) ÷ (6 years)
= $50,000
In this method, the depreciation is same for all the remaining useful life
The answer is<u> "b.expense recognition principle".</u>
The expense recognition principle expresses that costs ought to be perceived in indistinguishable period from the incomes to which they relate. On the off chance that this were not the situation, costs would probably be perceived as acquired, which may originate before or take after the period in which the related measure of income is perceived.
The expense recognition principle is a center component of the gathering premise of bookkeeping, which holds that incomes are perceived when earned and costs when devoured. On the off chance that a business were to rather perceive costs when it pays providers, this is known as the money premise of accounting.
Marketing Mix: Product, Price, Promotion, Place
