Which of the following is an example of an error that should be corrected?A.Switching from straight-line to the declining balance method of depreciation.B.Changing from weighted average to the first-in, first out method of inventory valuation.C.Using 5% for bad debts provision, but 1% is ...
Need for Depreciation and Factors Affecting Amount of Depreciation Provisions Reserves Declining Charge Method Other Methods Wear and Tear of the Asset Every machinery or tool is bound to undergo wear over a period of time. There will be parts that may need replacing or repairing. Usually, such...
Depreciation and Amortization (DA) = 3,773 + 1,221 = 4,994 Other Non-Cash Items (ONCI) consists of Stock-based Compensation, Deferred Taxes, Net Gain on Assets and Liabilities, Retirement Related and Other Assets/Other Liabilities. Other Non-Cash Items = 558 + 1,773 - 395 - 2,465 +...
Agents might assure survey researchers that they were receiving the properamount of credit, despite the fact that they were in fact assigned a lower-than-optimal level. A properamount of funds must be allocated for adequate publicity.
interest income received on tax-exempt securities, life insurance premiums paid for key officers or employees, fines and expenses for violating the law, and book depreciation in excess of the amount allowed by tax law. These items are recorded in a business's books but never on a tax return...
Repair and maintenance charges:These repairs and maintenance charges are related to the delivery vehicle used for delivering goods to the customer and thus form part of the selling expense. Depreciation of the delivery vehicle:There is wear and tear due to the delivery of goods to the customer...
The term used to describe the allocation of the cost of an intangible asset to the periods it benefits is a.depletion b.apportionment c.amortization d.depreciation A system has an availability of 90% and a mean time to repair of 48 hours. Wh...
a使计提资产减值更加公允、合理,使真实地反映资产的价值 Causes the idea to raise the property depreciation to be fairer more and just, to be reasonable, causes really to reflect the property the value[translate] aWhen a year lies in the early morning 当一年在凌晨在[translate] ...
An unrecaptured 1250 gain is a gain addressed by Section 1250 of the U.S. Internal Revenue Code. This provision directs that previously recognized depreciation be recaptured as income when a gain is realized on the sale of depreciable real estate property. Such gains are taxed at a maximum 2...
The agreed amount clause requires a signed statement of values oractual cash value. This statement details the value of the insured property. Actual cash value is the amount equal to thereplacement cost, minusdepreciation, at the time of the loss. It is the tangible value for which the proper...