Depreciation is a process of cost allocation, not valuation. Explain this statement.

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Answer 1

Depreciation is a process of cost allocation, not valuation, because it allocates the cost of the asset over its useful life.

Depreciation is a process of cost allocation because it enables the business to distribute the cost of an asset over the useful life of that asset rather than in the year the asset was purchased. It is not a valuation because it does not indicate the fair value of the asset.

In accounting, depreciation is the process of allocating the cost of a tangible asset over its useful life. It is used to allocate the cost of assets to the periods in which they are used, and it does not reveal the asset's fair value.

Depreciation is calculated as follows:

Depreciation

= (Cost of asset – Estimated salvage value) / Estimated useful life

The useful life of an asset refers to the duration of time for which an asset will generate revenues or benefits. The estimation of useful life is usually dependent on several factors such as the economic life of an asset, physical wear and tear, and so on.

Thus, depreciation is a process of cost allocation rather than valuation.

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Related Questions

Discuss the role of the father in attachment theory

Answers

Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

outline 2 advantages to H&H of using secondary market research​

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Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

the stage of the new-product development process that defines the role for a new product in terms of the firm's overall objectives is referred to as

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Business analysis is the phase of the new product development process by defining needs and recommending solutions that add value to stakeholders who understand the role of the new product in relation to the overall goals , practices that facilitate change in the organizational landscape of a defined company.

Business analysis is used to identify and clarify the need for changes in how an organization operates and to facilitate those changes. As business analysts, we identify and define solutions that maximize the value companies provide to their stakeholders. Business analysts work at all levels of an organization and are involved in everything from defining strategy, creating the enterprise architecture, providing leadership, defining the program and project goals and requirements, and continuously improving technology and support processes.

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when a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so.

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when a binding price ceiling is imposed on a market for a good, some people who want to buy the good cannot do so. So the correct answer of your question is True.

Binding Price Ceiling
On the other hand, if a price ceiling's level is set below the equilibrium price that would develop in a free market, it renders the free market price illegal and alters the outcome of the market. As a result, we can begin examining the impacts of a price ceiling by figuring out how a legally binding price ceiling will impact a market that is competitive.

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Complete Question

Select three ratios that are equivalent to 7:67:67, colon, 6. Choose 3 answers: Choose 3 answers: (Choice A) A 12:1412:1412, colon, 14 (Choice B) B 21:1821:1821, colon, 18 (Choice C) C 42:3642:3642, colon, 36 (Choice D) D 63:5463:5463, colon, 54 (Choice E) E 84:6284:62

Answers

Answer:  B C D are the answers, your welcme! :)

Explanation:

When a firm combines __________ and ___________, it builds core competencies.

Answers

We complete the statement: When a firm combines resources and capabilities, it builds core competencies.

Resources refer to the tangible and intangible assets that a firm possesses, such as financial capital, physical infrastructure, technology, human capital, and brand reputation. Capabilities, on the other hand, are the firm's ability to utilize its resources effectively to perform specific activities or tasks, often based on knowledge, skills, and processes.

By combining resources and capabilities, a firm can develop core competencies, which are unique strengths or strategic advantages that set the firm apart from its competitors. Core competencies enable the firm to deliver superior value to customers, achieve sustainable competitive advantage, and drive business success.

For example, a technology company may combine its financial resources with its highly skilled workforce and advanced research and development capabilities to build core competencies in innovation and product development. This allows the company to consistently introduce new and cutting-edge products to the market, attracting customers and staying ahead of competitors.

Another example is a logistics company that combines its extensive distribution network, efficient supply chain management capabilities, and advanced technology systems to build core competencies in fast and reliable delivery services. This enables the company to provide superior customer satisfaction, optimize operational efficiency, and gain a competitive edge in the industry.

Overall, the combination of resources and capabilities is essential for a firm to develop core competencies, which serve as the foundation for its strategic positioning, differentiation, and long-term success in the marketplace.

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Differentiate wealth-creating venture from income-generating venture.

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Answer:

Explanation:

A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.

An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.

All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?

Answers

Answer: $6.96

Explanation:

Weekly earning = $480

Medicare tax rate = 1.45%

1.45% = (1.45/100) = 0.0145

Medicare contribution = Medicare tax rate × weekly earning

Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96

The employees weekly contribution that is apportioned for Medicare is $6.96

Answer:

$7.10 USD

Explanation:

If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.

1.48 / 100 = 0.0148

Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480

480 * 0.0148 = 7.104

Therefore we can see that $7.10 USD goes to medicate this week.

What can a boosted post help an advertiser achieve?

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee. The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.

Answers

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

Dr Cash 980 (assuming the transaction is processed automatically)

Dr Service charge (or Credit card) expense 20

    Cr Sales revenue 1,000

Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.

Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?


buying plan


sales forecast


profit margin


investment

Answers

Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)

What is the definition of a "Buying Plan"?

A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.

Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.

Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.

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suppose that walls fergo bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. assume the federal reserve has the reserve requirement set at 10%.

Answers

The bank can issue is equal to the excess reserves plus the outstanding loans is $97,500.

What is loan?

A loan is a sum of money that is borrowed from a lender and must be repaid with interest over a specified period of time. It is a type of credit that people and businesses use to purchase goods or services when they do not have enough money to do so immediately.

The reserve requirement is 10%, so for every $100 of demand deposits, Walls Fergo Bank must keep $10 in reserves.
Therefore, Walls Fergo Bank must keep $15,000 in reserves ($150,000 x 10%).
The amount of excess reserves is calculated by subtracting the required reserves from the actual reserves.
Actual reserves = $15,000
Required reserves = $15,000
Excess reserves = $0
The total amount of loans the bank can issue is equal to the excess reserves plus the outstanding loans.
Total Loans = Excess Reserves + Outstanding Loans
Total Loans = $0 + $97,500
Total Loans = $97,500

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now watch me wip watch me nae nae watch me wip wip now watch me nae nae

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Answer:

Please stop this is a learning based website

Explanation:

Answer:

yes

Explanation:


Introduce CTEVT in short.​

Answers

Answer:

The Council for Technical Education and Vocational Training (CTEVT) constituted in 1989 (2045 BS) is a national autonomous body of Technical and Vocational Education and Training (TVET) sector committed for the production of technical and skillful human resources required to the nation.

how can we build up strong analytical skill discuss​

Answers

Answer:

hope help you

Explanation:

Here are several ways you can improve your analytical skills:

Read more. An important part of being analytical involves being alert and remaining stimulated. ...

Build your mathematical skills. ...

Play brain games. ...

Learn something new. ...

Be more observant. ...

Join a debate club. ...

Take an exercise class. ...

Keep a journal.

denver, incorporated, has sales of $29 million, total assets of $27.1 million, and total debt of $9.3 million. assume the profit margin is 11 percent. a. what is the company's net income? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) b. what is the company's roa? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. what is the company's roe? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

We need to find net income first. So:

Profit margin = Net income / Sales

Net income = Profit margin(Sales)

Net income = .11($29,000,000)

Net income = $3,190,000

ROA = Net income / TA

ROA = $3,190,000 / $27,100,000

ROA = .1177, or 11.77%

To find ROE, we need to find total equity. Since TL & OE equals TA:

TA = TD + TE

TE = TA − TD

TE = $27,100,000 − 9,300,000

TE = $17,800,000

ROE = Net income / TE

ROE = $3,190,000 / $17,800,000

ROE = .1792, or 17.92%

What does a favorable ROA indicate?

A major indicator of a business's profitability is return on assets (ROA). The ROA ratio evaluates how much net income a company generates in comparison to its total assets. 5% or above is regarded as desirable, yet a decent ROA depends on the business and the sector.

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Apple and samsung have waged a lengthy battle over ownership of specific technological innovations in the smart phone market. They are _______.

Answers

Competitions exist in market, Apple and samsung are brand competitors hence, have waged a lengthy battle over ownership of specific technological innovations in the smart phone market.

Who are brand competitors?

Brand competitors they are companies or firms that sells and market products that has similar functions and benefits to the same customers.

They sell at the same prices.

Therefore, Apple and samsung are brand competitors and the have waged a lengthy battle over ownership of specific technological innovations in the smart phone market.

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2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.

Answers

Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.

A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.

The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.

Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.

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a____gives an organization a sense of purpose and a set of values that unite workers.

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A mission statement gives an organization a sense of purpose and a set of values that unite workers.

What is a mission statement?

A mission statement is a statement of purpose that defines the goals and values of an organization. It serves as a guide for decision-making and helps to align the efforts of all members towards a common objective. A mission statement can also communicate the company's values to customers, employees, and other stakeholders. It is often brief, memorable, and encapsulates the core purpose of the organization.

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EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial

Answers

Answer:

A.compliance

Explanation:

barber charges $20 per haircut. The total cost for running his home-based business is $4,000 per month, which includes his salary of $3,000 per month. The minimum number of haircuts he must do to cover all of these expenses and his salary is 200 per month. The barber wants to increase his salary to $4,000 per month, making his total monthly expenses $5,000. What is the minimum price he must charge for each of the 200 haircuts so he can cover this increased salary? Question 5 options: $25 $30 $15 $20

Answers

The minimum price that the barber must charge to increase his salary to $4,000 for each of the 200 haircuts is A. $25.

Data and Calculations:

Charge per haircut = $20

Total cost per month = $4,000

Monthly salary = $3,000

Other costs per month = $1,000 ($4,000 - $3,000)

Minimum number of haircuts per month = 200

Expected monthly salary per month = $4,000

Total new monthly expenses = $5,000

Minimum price to charge per haircut = $25 ($5,000/200)

Thus, the minimum price that the barber must charge to increase his salary to $4,000 without increasing the number of haircuts is $25.

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Answer: 25$ is the correct answer

Explanation: I took the test

when you run your strategic planning process, you should do it all at once in a multi-day offsite. true or false

Answers

It is FALSE when you run your strategic planning process, you should do it all at once in a multi-day offsite.

Inputs, Activities, Outputs, and Outcomes are all components of the process known as strategic planning. Every method has limitations, even this one. It can be formal or informal, iterative, with feedback loops all the way through the process. While certain process steps can be continuous, others might be carried out as discrete projects with clear beginning and ending dates over the course of a period. Strategic thinking, which directs the actual strategy formulation, is aided by strategic planning's inputs. In typical strategic planning initiatives, the organization's mission and strategic challenges are assessed in order to reinforce present practices and assess the need for new programming. The final product is the organization's strategy, which includes a diagnosis of the external and internal environment, a guiding principle for what the organization hopes to achieve, and major initiatives or action plans to carry out the guiding principle.

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What is the purpose of a design brief?

Answers

A project management document that allows you to identify the scope, scale, and core details of your upcoming design project.

what are the importance of watermill​

Answers

Answer:

Explanation:

A watermill or water mill is a mill that uses hydropower. It is a structure that uses a water wheel or water turbine to drive a mechanical process such as milling (grinding), rolling, or hammering. Such processes are needed in the production of many material goods, including flour, lumber , paper, textiles, and many metal products.

Please answer this question as soon as possible and in right way .
Don't copy paste the last answer
Government in Canada? A photo journal of my relationship.
What are the different areas of responsibility for each level of government: municipal, provincial, and federal?
Which level of government has the most impact in your life?
For each level of government, what are the issues or areas of responsibility and explain how it relates or directly affects your life.
Using the concept of political significance explain the impact of the issue or area of responsibility on your life. Use "I" statements to personalize your captions.

Answers

The government in Canada is comprised of three levels: municipal, provincial, and federal. Each level has different areas of responsibility and plays a unique role in our daily lives.

At the municipal level, responsibilities include local issues such as garbage collection, snow removal, and parks and recreation. As a resident of a municipality, these services directly impact my daily life. For example, the availability of parks and recreational facilities provides me with opportunities to stay active and socialize with others in my community.

At the provincial level, responsibilities include issues such as healthcare, education, and transportation. As a student, the quality of education provided by my province affects my future opportunities and success. Additionally, the accessibility and efficiency of public transportation directly impact my ability to travel to work and other commitments.

Finally, at the federal level, responsibilities include issues such as national defense, immigration, and international trade. The policies and decisions made at the federal level have the potential to impact my daily life in a variety of ways. For example, changes to immigration policies could affect the diversity of my community and workplace.

Overall, I believe that each level of government has a significant impact on my life. While the areas of responsibility differ, they are all essential to ensuring the smooth functioning of society. By understanding the different levels of government and their responsibilities, I am better equipped to engage with the political process and advocate for the issues that matter to me.

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in the event that a parent dies or becomes disabled, which rider allows surviving child coverage to continue until the child reaches a specified age? substitute insured rider surviving income rider waiver of premium rider payor rider

Answers

The rider that allows surviving child coverage to continue until the child reaches a specified age in the event that a parent dies or becomes disabled is the substitute insured rider.

This rider essentially replaces the insured parent with another individual who will continue to pay premiums and provide coverage for the child. The substitute insured can be a family member or a trusted individual chosen by the insured parent.

The surviving income rider is a different type of rider that provides the child with a monthly income in the event of the insured parent’s death or disability. The waiver of premium rider waives the premium payments for the policy in the event of the insured parent’s disability. The payor rider is a rider that provides coverage for the child in the event that the insured parent or payor of the policy dies or becomes disabled.

It is important to carefully consider the different riders and coverage options available when choosing a life insurance policy to ensure that your loved ones are adequately protected in the event of an unforeseen tragedy.

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Explain why you think Americans can do yo ensure workers have decent working conditions and pay?

Answers

Answer:

Americans are expected to make sure that discrimination in the workplace is avoided.

what is one of the advantages of monetary policy over fiscal policy? group of answer choices the opportunity for broad political influence its control over the size of federal budget deficits it can guarantee an expansion of aggregate demand when needed the quickness with which it can be used

Answers

One benefit of monetary policy over fiscal policy is that financial, banking, and monetary policy experts, not politicians, make the decisions.

What advantages do monetary policies have over fiscal ones?

Monetary policy expansion can raise company earnings while having little effect on GDP by increasing asset prices and lowering borrowing costs. In contrast to monetary policy, which attempts to promote economic growth, fiscal policy focuses on either total spending, the general makeup of spending, or both.

What sets fiscal policy apart from monetary policy?

A central bank's actions with the goal of influencing the amount of credit & money in an economy are referred to as "monetary policy." The government's decisions about taxation and expenditure are referred to as fiscal policy, on the other hand. Both monetary and fiscal policies are used to hold down the economy over time.

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NJ+Real+Estate+Commission+reports +require+a+licensee+to+terminate+membership+in+a+real+estate+board+or+MLS+whenever+the+organization+requires

Answers

In New Jersey, real estate licensees are required to terminate their membership in a real estate board or MLS whenever the organization requires it, as per the regulations set by the Real Estate Commission.

This means that licensees cannot continue to be a member of the organization if the organization requires them to terminate their membership for any reason. This regulation ensures that licensees are following the rules and regulations set by the organization and maintaining their professionalism in the real estate industry. Failure to comply with this regulation may result in disciplinary action taken by the Real Estate Commission.

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A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

Answers

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

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