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2 years ago

Depreciation is a _____, a cost that cannot be affected by any future action.

2 answers:

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Depreciation is a sunk cost. It is the value lost on an asset after consumption. In accounting, depreciation cost qualifies as a sunk cost because it is already lost and cannot be recovered. For that reason, it is correct to ignore depreciation cost when determining the future course of a business.

Allisa [31]2 years ago

6 0

Correct Answer is B, Sunk Cost.

Depreciation is a Sunk Cost. A cost that cannot be affected by any future action.

Depreciation is basically a cost of an asset that reduces over time.

Sunk Cost is the cost that has already acquired and cannot be pulled through.

So Depreciation is a sunk cost. A cost that has already been incurred and cannot be recovered. All assets depreciate over time.

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A(n) _____ is something a person wants to get out of a job or that brings them job satisfaction. a. personal value b. work value

vampirchik [111]

Answer:

It would most likely be be D. Interest

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2 years ago

Aviation Systems sells its products with a three-year manufacturing warranty. The company's sales revenue is $600,000. Based on

Vikki [24]

Answer:

$30,000

Explanation:

Warranty liability is a liability account used to report the expected amount of repairing or replacing products already shipped. It's a contingency liability and it should be recorded independently from the actual warranty costs. Therefore, warranty liability, in this case, is:

$600,000 * 0.05 = $30,000

The estimated warranty liability reported in the balance sheet this year is $30,000

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2 years ago

As a result of a thorough physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 201

Alex_Xolod [135]

Answer:

Option (b) is correct.

Explanation:

Correct amount of inventory to be reported:

Amount of inventory as per physical verification = $320,000

Cost of goods under consignment to Herschel Corporation = $47,000

Value of inventory to be reported:

= Amount of inventory as per physical verification + Cost of goods under consignment to Herschel Corporation

= $320,000 + $47,000

= $367,000

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2 years ago

Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, in¬cluding extracting silver

GenaCL600 [577]

Answer:

C. life estate

Explanation:

A life estate is an estate interest in land that lasts for the life time of the life tenant. The holder of a life estate has a full right to possess the property during their life. A life estate is restrictive in that it prevents the beneficiary from selling the property that produces the income before the beneficiary's death. But the estate cannot continue beyond the life of the beneficiary. A major benefit of a life estate deed is that it can be used to pass property upon the life tenant's death without it being part of the life tenant’s estate.

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2 years ago

The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha

lubasha [3.4K]

Answer:

Marketing

Explanation:

There are various explanations for the term Marketing. It is essentially a group of activities aimed at creating a valuable customer relationship. Unlike traditional approaches which planned their activities based on what the customers would buy, the Marketing approach takes decisions based on wht the customer wants/needs. It places customer at the center and all the activities revolve around them.

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2 years ago