ACCOUNTANTS...Help!?
What does the credit balance within the accumulated depreciation picture represent?
A – Cost of additional equipment purchased during the year.
B – Cost of existing equipment sold during the year.
C – The amount of depreciation expense taken since the asset be acquired.
D – Undepreciated cost of existing equipment.
Thank you extraordinarily MUCH!
Answers: C
amortization accounts are expense accounts that are created to allocate the costs of plant (buildings) and equipment to the period it is used within; it just represents your expense for the current time of year of how much you used that asset.
If there is savage/residual meaning when your amortizing something, it would be mentioned in the request for information or/ in an appraisal; which a short time ago means that the asset is going to be worth X amount of dollars when it comes to the wind up of its' expected life.
anywho, hope this is agreeable ;)
The correct answer is letter C - Depreciation Expense taken since the asset be acquired
I babysit, within the child's home. The parents do not report this. What forms do I necessitate to report my income on?
When will I recieve my money from income taxes?
Anybody know the number to name to find out something like your Federal Income Tax, when it will be sent out contained by Georgia
Estimate the amount and date of my rates rebate check?
Research!!! uck!.swiftly, i necessitate to know just about a publication for internal revenue service?
A – Cost of additional equipment purchased during the year.
B – Cost of existing equipment sold during the year.
C – The amount of depreciation expense taken since the asset be acquired.
D – Undepreciated cost of existing equipment.
Thank you extraordinarily MUCH!
Answers: C
amortization accounts are expense accounts that are created to allocate the costs of plant (buildings) and equipment to the period it is used within; it just represents your expense for the current time of year of how much you used that asset.
If there is savage/residual meaning when your amortizing something, it would be mentioned in the request for information or/ in an appraisal; which a short time ago means that the asset is going to be worth X amount of dollars when it comes to the wind up of its' expected life.
anywho, hope this is agreeable ;)
The correct answer is letter C - Depreciation Expense taken since the asset be acquired