Answer:
a. Depreciation expense reflects the decrease in the current value of an asset over time.
Explanation:
Depreciation is an accounting concept of allocating the cost of a physical asset over its useful life. The depreciation expense in a period shows the book value that the asset has lost in the period. Accumulated depreciation is the total value of depreciation recorded for an asset up to a specific date.
Depreciation helps a business spread the cost of an asset over several years. Acquiring an asset is costly. To expense, the cost of the asset on a single financial year is not prudent as the asset will generate revenue for the company for many years. Depreciation spreads the cost of the asset to the years it is expected to be economically viable.
Answer:
c. In-house sale
Explanation:
Based on the information provided within the question it can be said that the type of sale is known as an In-house sale. This term refers to a sale where the listing broker also represents the buyer in the sale that is taking place. Which is exactly what is happening in this situation since both Jim and Sally work for the same brokerage.
It is C so uh yeah okay :)
Answer:
Tina: Highway Maintenance Worker
Alma: Stationary Engineer
Sean: Home Appliance Repairer
Have a good day :)