1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crank
3 years ago
5

For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the ______ Accumulated

Depreciation on the ______. Multiple choice question.
Business
2 answers:
ddd [48]3 years ago
8 0

 For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.

Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.

  • Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.

The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases

Learn more from

brainly.com/question/25573467

Gennadij [26K]3 years ago
3 0

Answer:income statement will be less than; balance sheet

Explanation:

You might be interested in
When Sonya Celebrity reads an embarrassing article about herself in Fame magazine, she becomes very worried about damage to her
Law Incorporation [45]

Answer:

The answers are: Civil lawsuit and the First Amendment of the Constitution of the US

Explanation:

Sonya celebrity is suing Fame Magazine for written defamation (called libel). Libel is considered a tort (a civil wrongdoing), so Sonya Celebrity´s lawsuit will be a civil one.

Fame Magazine´s lawyer will try to use the First Amendment of the US Constitution in their defense. It states as following:

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

This amendment is part of the Bill of Rights (first ten amendments of the US Constitution) and was ratified in 1791. It prohibits Congress or any State or local legislature to pass any law that infringes on the freedom of the press.    

4 0
3 years ago
Both lloyd and harry are claiming patent protection for the same invention that each independently created. the rights to protec
Nonamiya [84]
In the scenario in which both Lloyd and Harry are claiming patent protection for the same invention that each independently created, the rights to protection will be awarded to <span>the one who actually completed the invention first.</span>
This follows from the American standard which states that the "first-to-invent" is awarded the patent.

7 0
3 years ago
The manager of Flogymki, a newly opened continental restaurant, decides to organize the restaurant's labor force into separate d
Romashka [77]

Answer: Functional departmentalization

   

Explanation: In a functional departmentalization structure, the company tries to organize the employees into groups based upon the specific skills they possess. The activities performed by such groups are different from each other but the employees within groups performs the same task.

In the given case, the manager is dividing the company as per the purchase,serving and home delivery etc. It is evident that the grouping is done upon the specific activities to be performed.

Hence we can conclude that the correct option is B.

5 0
3 years ago
The Smelting Department of Kiner Company has the following production and cost data for November. Production: Beginning work in
xz_007 [3.2K]

Answer:

A. 16,200

B. 11,940

Explanation:

Computation for the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

A. Equivalent units of production for materials Materials

Total equivalent units= 9100 + (7100*100%)

Total equivalent units= 9100+7100

Total equivalent units= 16,200

B.Equivalent units of production for conversion costs

Total equivalent units= 9100+ (7100*40%)

Total equivalent units=9100+2840

Total equivalent units= 11,940

Therefore the equivalent units of production for (a) materials is 16,200 and (b) conversion costs for the month of November is 11,940

7 0
3 years ago
Specialized savings accounts are accounts that _____.
Eduardwww [97]
Use special methods to help people save money :)
8 0
3 years ago
Other questions:
  • You put money into an account that earns a 5 percent nominal interest rate. The inflation rate is 2 percent, and your marginal t
    13·1 answer
  • In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planne
    11·1 answer
  • The money spent on domestically produced final goods and services is: subtracted in the circular-flow model. called GDP, is equa
    7·1 answer
  • The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were origina
    12·1 answer
  • Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?​
    13·2 answers
  • You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 3 mil
    7·2 answers
  • In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate? In contrast, suppo
    14·1 answer
  • he complete list of items needed to prepare a statement of cash flows includes ______. Multiple choice question. current year ba
    11·1 answer
  • Consumer research aims at finding patters of customer usage.<br><br> true<br> False
    12·2 answers
  • An employer-sponsored medical plan that allows each employee to have pretax earnings deposited into a specially designated accou
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!