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andrezito [222]
2 years ago
12

True or False: A company should capitalize advertising expenses if they are expected to produce long term benefits. Group of ans

wer choices True False
Business
1 answer:
erastova [34]2 years ago
5 0

Answer:

<em><u>False</u></em>

Explanation:

<em>When </em><em>a </em><em>cost </em><em>that </em><em>is </em><em>in </em><em>occurred </em><em>will </em><em>have </em><em>been </em><em>used,</em><em> </em><em>consumed </em><em>or </em><em>exp</em><em>i</em><em>red </em><em>in </em><em>a </em><em>year </em><em>or </em><em>less </em><em>it </em><em>is </em><em>t</em><em>ypically </em><em>considered</em><em> </em><em>an </em><em>expe</em><em>n</em><em>se.</em><em> </em><em>Conversely</em><em>,</em><em> </em><em><u>if a cost or purchase will last beyond a year and will continue to have economic value in the future</u></em><em>,</em><em> </em><em>the </em><em>it's </em><em>typically</em><em> </em><em>capitalized</em><em>.</em>

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accounting A John Deere tractor acquired on January 4 at a cost of $120,000 has an estimated useful life of 25 years. Assume tha
Sedbober [7]

Answer:

$4,800 each

Explanation:

The computation of the depreciation expense for the first two year under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($120,000 - $0) ÷ (25 years)

= ($120,000) ÷ (25 years)  

= $4,800

In this method, the depreciation is same for all the remaining useful life

Hence, the depreciation of $4,800 is to be charged separately for each year

7 0
3 years ago
Jeff receives a paycheck of $2,100 twice per month. His monthly expenses include: $1,500 on rent, $400 on a car payment, $120 fo
In-s [12.5K]

Answer:

$1,280

Explanation:

Given that,

Rent expense = $1,500

Car payment = $400

Cellphone expense = $120

Utilities = $450

Groceries expenses = $250

Entertainment expenses = $200

Jeff receives a paycheck of $2,100 twice per month, the amount received in a month is calculated as follows:

= $2,100 × 2

= $4,200

The amount left after deducting all of the expenses:

= Amount received - Rent expense - Car payment - Cellphone expense - Utilities - Groceries expenses - Entertainment expenses

= $4,200 - $1,500 - $400 - $120 - $450 - $250 - $200

= $1,280

Therefore, he have left over $1,280 for the month.

7 0
3 years ago
All of the following are among the methods project managers can use to develop individual and team capabilities EXCEPT:A. teach
Neporo4naja [7]

Answer:

C. Utilize coercive powers

Explanation:

Utilizing coercive powers will make the individual and team feel intimidated which would make them inconfident of themselves

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3 years ago
Which of the following statements is TRUE?
shusha [124]

Strategic partnerships are seen as one of the foundations of supply chain management.

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2 years ago
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
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The answer is attached below

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