A.cash fund to be used to replace long-lived assets.B.amount to be deducted from the cost of the long-lived asset to arrive at its fair value.C.amount charged to expense in the current period.D.amount charged to expense since the acquisition of the long-lived asset.相关...
Answer true or false: The normal balance of the accumulated depreciation account is a debit. In a bank reconciliation statement, an outstanding check must be subtracted from the bank statement balance in determining the correct cash bala...
Accumulated Depreciation ( ) A. is used to show the amount of cost expiration of natural resources B. is used to show the amount of cost expiration of intangibles C. is the same as Depreciation Expense D. is a contra asset account
Accumulated depreciation reports the total amount of depreciation that has been reported on all of the income statements from the time that the assets were put into service until the date of the balance sheet. The account Accumulated Depreciation is a contra asset account because it will have ...
The accumulated depreciation account has a zero balance.
The journal entry for depreciation is: Debit to the income statement account Depreciation Expense Credit to the balance sheet account Accumulated Depreciation The income statement account Depreciation Expense is a temporary account. Therefore, at the end of each year, its balance is closed and the ac...
5. The systematic allocation of land’s cost to expense is called depreciation. 6. The difference between the balance of a fixed asset account and the balance of its related accumulated depreciation account is termed the book value of the asset. 7. If the adjustment for accrued salaries at ...
如果他们不喜欢您在您最坏,则他们不该当您在您最佳。 [translate] aAccumulated depreciation aggregates or totals the depreciation that has been closed out to depreciation expense over the useful life of the asset. 积累的贬值聚集体或共计结束了到贬值费用在财产的有用的生活期间的贬值。 [translate] ...
aPower-off velocity is reflected in the normal power-off overshoot . 力量速度在正常力量被反射超越。[translate] a3. FREQUENCY CONVERSION 3. 变频[translate] athe difference between the cost of an asset and the accumulated depreciation for that asset is called 在财产的费用和积累贬值之间的区别为那财...
Why is modified accrual accounting necessary? Describe the purpose and rationale for accounting policies. What is the purpose of the accumulated depreciation account? What is the desired benefit from revising an accounting standard? What are the importance of accounting adjusting entries?