Type the number of months:

Q: Under which situation is the simple rate equal to the effective annual rate, and under which…

A: Simple interest is a linear function of time since it is computed on the initial principal amount…

Q: Define annual percentage rate (APR)

A: A rate at which a borrower is ready to pay and depositor is ready to receive the money is known as…

Q: Which year had a better performance?

A: Year in which net sales of the company is more, will be year which had a better performance. Net…

Q: What is the natural business year?

A: An accounting period defines the time period, in which the business transactions shall be considered…

Q: investment securities for $5, 15,400 on a two-year, 8 per= 7, sold machinery for its ca machinery…

A: 1 Statement  of cash flows      For the year ended Dec 31 2017   Cash flow from operating…

Q: how do you do the math the get the percentage/decimal numbers

A: Income statement is the statement in which figures relating to entity performance is incorporated…

Q: name for the amount

A:

Q: Define Long-Term Notes.

A: Liability: It is the sum of money owed by the company to external entities.

Q: How would I determine January's net income?

A: An income statement is a financial statement used for reporting the financial performance of the…

Q: sum of the years digit method

A:

Q: Options have a unique set of terminology. Define the following terms: (4) Expiration date

A: Expiry date in derivatives is the last day of the legitimacy of derivative agreements, for example,…

Q: Define Average collection period.

A: Definition:   Accounts receivable turnover: This is the ratio which analyzes the number of times…

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: Write an equation for determining the value of the series of end-of-period payments?

A: Formula:

Q: what should be withheld from a bonus in the year it is paid?

A: Explanation and correct answer is given below,

Q: When do prepayments occur? Accruals?

A:

Q: how were the percentages found

A:

Q: Débit Credit Cash $25,128 Accounts Receivable 100,513 Inventory 40,000 Prepaid Rent 14,135 Equipment…

A: Balance Sheet is a summary of the financial balances of an organization, whether it be a sole…

Q: What is maturity date?

A: Maturity dates are generally used in order to classify the securities as short term, medium term or…

Q: Do time lines deal only with years, or can other time periods be used?

A: The term time line refers to list of events which take place in chronological order. Timelines are…

Q: Explain Estate for Years: Tenancy for Terms?

A: A leasehold domain is the proper of an inhabitant to possess arrive he has leased amid his rent…

Q: What is the coefficient of variation over the same period?

A: The coefficient of variation (CV) is a statistical measure used to assess the relative variability…

Q: What is difference between PERIODIC FIFO and PERPETUAL FIFO.

A: FIFO:   FIFO method is a method used for cost flow assumption mainly for the purpose of cost of…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: Define the terms annual percentage rate (APR), effective annual rate (EFF%), and nominalinterest…

A: The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers…

Q: The following information about a stock is given in the table below. Current stock price 32 Option…

A: A 3-month European call option needs to be valued using the Black Scholes Option Pricing Model. All…

Q: What is the purpose of the accrual tranche?

A: The diverse CMO bunches are known as a tranche. Gathering tranche too known as Z tranche is the…

Q: Write note on current assets.

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.