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Natasha_Volkova [10]
2 years ago
10

For long-lived assets that have been in use for more than one accounting period, depreciation expense on the ______ accumulated

depreciation on the ______.
SAT
1 answer:
krek1111 [17]2 years ago
3 0

Answer:

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.

Explanation:

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

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What are three myths about alcohol and what is the truth about each myth?
yanalaym [24]
1:
Myth— Hot coffee and a cold shower help you sober up.

Truth— Hot coffee and a cold shower will help alert you and keep you awake, but it won’t help you sober up.

2:
Myth— Beer is better than other hard drinks.

Truth— No matter what alcohol is called or how it’s classified, it’s still alcohol.

3:
Myth— A big meal before you drink helps you keep sober.

Truth— Drinking with a full stomach won’t prevent alcohol from reaching your bloodstream, it’ll only delay it.
4 0
3 years ago
Ry owns a commercial building and leased his premises to John to conduct a bakery business. Under the lease contract, John is ob
Nata [24]

Answer:

See explaination

Explanation:

The Issue : Gary being the lessor that leased his commercial property to John to conduct bakery business with an obligation to repair modified or damaged parts if any after lease term. However, John couldnt repair the same but paid $3,100 to Gary to cover the repair expenses.

The Legislation : The required Provision says that lessee is reponsible to keep the premises in good condition and to handover back to the lessor in the same condition as it was in the beginning of the lease period except normal wear and tear. Here damage to the building was not due to passage of time or Act of God . It was due to installation of Machinery and fixtures in the building by the lessee.

According to Polster, Inc. v. Swing, tenant was reponsible to repair the damage to the drop ceiling, ceiling tiles, interior walls, front door sill and jamb as it was not normal wear and tear.

Also in the case of Churchill Forge, Inc. v. Brown, there is no unjust in requiring a tenant to reimburse the expenses to landlord. As a result cost will shift to the tenant/lessee as the case may be.

In Conclusion : Thus it is the responsibilty of John to repair the property or else to reimburse the entire expenses incurred to Gary to put the building in good shape other than for normal wear and tear.

Here , the installing of machinery and fixtures should be considered as capital expenditure as lonterm benefit is determined. However, repairs at the end of the lease period will be categorised as revenue expenditure and considered in Profit & loss account for the purpose of tax.

4 0
3 years ago
Identify the compound with the highest magnitude of lattice energy.
expeople1 [14]

Answer:

The lattice energies for the alkali metal halides is therefore largest for LiF and smallest for CsI, as shown in the table below. The ionic bond should also become stronger as the charge on the ions becomes larger.

Explanation:

7 0
3 years ago
Some of the orders were sent to incorrect addresses.
densk [106]

Answer:

watch on the box to see if it have a number on it and call the number to return the box

6 0
2 years ago
Which of the following is not a primary concern when it comes to business customers making purchasing decisions
AlekseyPX

The option that is not a primary concern when it comes to business customers making purchasing decisions is satisfaction of needs through purchases.

<h3>What are some of the concerns of business customers in making purchase decisions?</h3>

When a person is said to be making purchasing decisions, business customers often considers:

  • The price
  • Product quality
  • The service
  • Supplier relationships.

Hence The option that is not a primary concern when it comes to business customers making purchasing decisions is satisfaction of needs through purchases because that is not their scope of duty.

See full question below

Which of the following is NOT a way that business and consumer markets differ?

A) market structure and demand

B) nature of the buying unit

C) satisfaction of needs through purchases

D) types of decisions

E) decision processe

Learn more about purchasing decisions from

brainly.com/question/7029808

#SPJ1

6 0
2 years ago
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