You have new items in your feed. Click to view.
Question and answer
Is it appropriate to calculate depreciation using two different methods? Why?
Yes, many companies use two or more methods of depreciation. It is acceptable and common for companies to depreciate its plant assets by using the straight line method on its financial statements, [ while using an accelerated method on its income tax return. A company could also be depreciating its equipment over ten years for its financial statements, while using seven years for its income tax
return. Even the depreciation for financial statements could consist of some assets being depreciated using the units of production or units of activity method, while other assets are depreciated using the straight line method. ]
Expert answered|nlewis123|Points 60|
Question
Asked 6/18/2013 8:49:09 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
27,199,495 questions answered
Popular Conversations
In 594 B.C. ______ was chosen as an Athenian statesman with ...
Weegy: In 594 B.C., Solon was chosen as an Athenian statesman with reformation powers. User: ______ were ...
3/22/2017 1:13:29 AM| 2 Answers
Correct the sentence by selecting the proper pronoun usage. The coach ...
Weegy: We girls and He is the correct pronoun usage. Source : Just asked a professional.
3/22/2017 9:23:57 AM| 2 Answers
What did the United States do in response to Japan's invasion of ...
Weegy: The capital of Japan is TOKYO. User: What did the United States do in response to Japan's invasion of ...
3/22/2017 10:29:18 AM| 2 Answers
integrity base
Weegy: Integrity is the quality of being honest and having strong moral principles; moral uprightness. User: what ...
3/22/2017 3:47:32 PM| 2 Answers
If a person living in one state sues a person living in another state ...
Weegy: If a person living in one state sues a person living in another state for a sum exceeding $75,000, they can ...
3/22/2017 4:35:33 PM| 2 Answers
When was the Constitution made?
Weegy: A constitution is a set of fundamental principles or established precedents according to which a state or other ...
3/22/2017 6:16:13 PM| 2 Answers
Weegy Stuff
S
Points 520 [Total 621] Ratings 0 Comments 520 Invitations 0 Offline
S
Points 477 [Total 477] Ratings 0 Comments 477 Invitations 0 Offline
S
P
P
L
P
Points 218 [Total 1536] Ratings 1 Comments 208 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 151 [Total 1603] Ratings 1 Comments 141 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.