Answer:
NO ITS ACEF (baka)
Explanation:
I FAILED MY ASSIGNMENT BECAUSE OF YOU
The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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The Japan-based multinational Sony engaged in a joint venture when it partnered with Shanghai Oriental Pearl Group.
<h3><u>
Explanation:</u></h3>
A strategic alliance in which two or more firms enters into partnership refers to a Joint Venture. These enter into partnership mainly to share markets, assets, knowledge, assets and profits. There will not be any transfer of ownership in JV.
In this JV the companies that partners with each other just shares the resources for the purpose of the accomplishment of any tasks. These partners are usually responsible for the profits, losses and all the costs associated with the JV. The Japan-based multinational Sony engaged in a joint venture when it partnered with Shanghai Oriental Pearl Group.
Answer:
The correct answer is $900.
Explanation:
According to the scenario, computation of the given data are as follows:
Reserve required = New deposits of cash × Reserve ratio%
= $1000 × 30/100
=$300
Excess reserve from Andy ‘s deposit = New deposit – Reserve required
= $1,000 – $300
= $700
Total reserve excess = New reserve excess + Old reserve excess
= $700 + $800
= $1,500
After lending to molly excess reserve = Total reserve excess – Amount lending to molly
= $1,500 - $600
= $900
The bank has only $900 excess reserve. So, Bank can only give $900 for lending.