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.
17,913,237 questions answered
Popular Conversations
3x+3/18x= User: 10x+3/=
Weegy: this is quite simple, if you read over the question a few times and learn the tendencies. One number is ten ...
10/20/2014 5:27:08 PM| 5 Answers
Unfortunately, my mom told me it was time for my annual check ...
Weegy: Unfortunately, my mom told me it was time for my annual check up. Annual means yearly. User: Choose the ...
10/20/2014 4:18:03 PM| 4 Answers
Solve the inequality. 2(4 + x) > 4(x + 4) A. x > 4 B. x > ...
Weegy: 2w + 3 > 14; 2w > 14 - 3; 2w > 11; w > 11/2 User: Solve the inequality. 5a + 12 6 B. a < 6 C. D.
10/21/2014 12:59:56 PM| 3 Answers
what is micro
Weegy: A microorganism is a microscopic organism, which may be a single cell or multicellular organism. User: what ...
10/21/2014 7:38:45 PM| 3 Answers
Which value for x makes the sentence true? 8x = 3x 30
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: 7x - 5 = 3x + 11 Weegy: 8x + 3 = 7x - ...
10/20/2014 7:11:38 AM| 2 Answers
Which value for x makes the sentence true? 8x = 3x + 20
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: Which value of x makes the following ...
10/20/2014 7:16:30 AM| 2 Answers
Which value of x makes the following equation true? 3(x - 3) = -2x ...
Weegy: 6(x - 2) = -2x + 28 6x - 2 = -2x + 28 6x - 12 = 28 + 2x 8x - 12 = 28 8x = 28 + 12 8x = 40 x = 40/8 x = ...
10/20/2014 7:18:42 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2267 [Total 14642]| Ratings 0| Comments 2267| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1418 [Total 10899]| Ratings 3| Comments 1388| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 779 [Total 13008]| Ratings 0| Comments 779| Invitations 0|Offline
S
L
Points 487 [Total 1886]| Ratings 0| Comments 487| Invitations 0|Offline
S
1
L
L
Points 460 [Total 6254]| Ratings 3| Comments 430| Invitations 0|Offline
S
Points 458 [Total 458]| Ratings 0| Comments 428| Invitations 3|Offline
S
Points 339 [Total 340]| Ratings 3| Comments 309| Invitations 0|Offline
S
Points 207 [Total 207]| Ratings 1| Comments 197| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.