Required: 1. How much is the accumulated depreciation on cost? 2. How much is the accumulated depreciation on replacement cost?

Q: Depreciation Inflation Taxation

A: Definition of each of these financial terms along with an example each are provided below:

Q: what is Intangible Asset ? what is  Wasting Assets ?  what is  Asset Cost ? what is  Residual…

A: In the world of finance and accounting, there are key concepts that businesses use to manage their…

Q: What is residual value or salvage value? Why and how is it calculated in accounting?

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: How does straight-line depreciation work? What about descending?

A: Depreciation - Depreciation means wear and tear of the assets owned by the company. Depreciation is…

Q: Residual value is: A. Also called residual value. B. Also called scrap value. C. An estimate of the…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: What does the short fall (below budgeted expense) in depreciation imply?

A: Depreciation connects the expense of utilizing a tangible item to the benefit obtained throughout…

Q: Apply the cost principle to the acquisition of long-livedassets.

A: Acquisition cost associated with property, plant, and equipment is the cash-equivalent purchase…

Q: Describe cost depletion and percentage depletion. Whyis the percentage depletion method permitted?

A: Depletion: Depletion is defined as the reduction in the value of natural resources due to its…

Q: What is the process of allocating the cost of natural resources to expense as they are used?

A: Natural resources usually include oil reserves, coal deposits, and mineral deposits. The natural…

Q: total accrued cost of the project includes all the direct cost.  true or false?

A: Accrued expenses are those expenses that are identified before it has been paid. Expenses are…

Q: Instead of valuing assets, depreciation is a cost allocation procedure. This statement should be…

A: This question tells about depreciation is a cost allocation procedure:

Q: relevant cost analysis is: A. variable costs are always relevant. B. fixed costs are always…

A: When doing cost analysis for the company productions ,company is going to invest a lot of money so…

Q: Preparing an asset for sale after its useful life is a: a. Maintenance support cost b. Production…

A: Introduction: Cost Accounting: Cost Accounting is for Internal users. For determining costs of the…

Q: Is residual value deductible when using accelerated method of depreciation>

A: The accelerated method of depreciation includes double declining balance method, 150% declining…

Q: An

A: Property Plant and Equipment: It is the tangible asset used in the business to generate revenue. It…

Q: Why is it difficult to assign a dollar figure to an intangible cost? Can it ever be done? Explain…

A:

Q: What do you mean by revaluation model? (Answer should be related to Property, Plant & Equipment…

A: Property, plant and equipment also known as PP&E are defined as the long term assets, which is…

Q: Write the fraction obtained from the straight-line depreciation rate?

A: Depreciation expense accounts for the decline in the value of assets used in the business due to…

Q: True or false Amortization is the spreading out of a cost over a period of time  ?

A: Cost refers to the amount incurred by the entity over a particular item of expense, asset or…

Q: Depreciation expense is used to

A: Depreciation is gradual decrease in the value of asset due to normal wear and tear, obsolescence and…

Q: How do you figure units-of-production method depreciation?

A: The business entities are required to charge the depreciation expense on their assets so that the…

Q: What is avoidable and unavoidable cost? In terms of decision making how do we treat the following…

A: Avoidable and unavoidable costs are the types of relevant and irrelevant costs that play a major…

Q: Explain the differences between cost depletion, asset depreciation, and amortization. Explain the…

A: The objective of this question is to understand the differences between cost depletion, asset…

Q: Explain different types of depreciation.

A: Depreciation expenses come in a variety of forms, and there are numerous methods for calculating an…

Q: Depreciation is a process of Select one a. asset valuation 5. cost alocation Cost accumulation. e…

A: When an asset is purchased  and started  using its  value depreciates due to wear and tear,time…

Q: The depletion expense is

A: Depletion: It refers to the process of proportionately distributing the cost of the extracting…

Q: pletable amount by the estimated life in terms of units of output?

A: Depletable amount refers to the amount left after salvage value from the total cost of an intangible…