Describe nature of depreciation as it is used in accounting

Assignment Help Accounting Basics

Reference no: EM131970277

Problem

a) Does the recognition of depreciation in the accounts provide a special "cash fund" for the replacement of fixed assets? Explain your answer.

b) Describe the nature of depreciation as it is used in accounting (what does it accomplish?).

c) Which types of assets are amortized? Give some examples.

d) Which types of assets are depleted? Give some examples.

Reference no: EM131970277

Questions Cloud

Which project should be undertaken if the marine reserve : Consider the alternative of a marine reserve: a managed fishery with estimated net benefits equal to $20,000 Belizean dollars in perpetuity.

What the slope means with respect to the problem : In Sheet 2: Use the Excel directions below to make a scatter plot for the Temperature in Fahrenheit and the number of cricket chirps per sec.

The formula for computing the current value of this stock : The dividend is expected to increase by 2 percent annually and the applicable discount rate is 13 percent.

Marital status distribution of the us male population : The marital status distribution of the U.S. male population, age 15 and older, is as shown below.

Describe nature of depreciation as it is used in accounting : Describe the nature of depreciation as it is used in accounting (what does it accomplish?). Which types of assets are amortized? Give some examples.

What price should you agree to purchase the security at : Suppose at 3 months the price of the security has fallen to $ 70. What is the value/liability of the long position of the forward?

What is the npv of the project : A levered firm has a target capital structure of 30 percent debt and 70 percent equity.

What was bridgeport corps times interest earned for the year : In a recent year Bridgeport Corp. had net income of $153000, interest expense of $29500. What was Bridgeport Corp.'s times interest earned for the year?

Left-tailed right-tailed two-tailed : Based on a sample of 200 people, 69% owned cats. The test statistic is: _______________ (to 2 decimals)

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages