Answer:
B. Is the process of allocating the cost of a plant asset to expense.
Explanation:
Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.
Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life
Answer:
here ya go this is the steps
Answer:
$28,800
$25920
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
2018 = 2/5 x 72,000 = 28,800
Book value = 72,000 - 28800 = 43,200
2019 = 2/5 x 43200 = 17280
Book value = 43200 - 17280 = 25290
Increase in price leads to a decrease in supply.
Employment is the act of working in exchange for an income.
Employment is a relationship between two parties,
usually based on a contract where work is paid for, where one
party, which may be a corporation, for profit, not-for-profit organization, co-operative or
other entity is the employer and the other is the employee.
