Question and answer
What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using two different methods? Why?
Depreciation, Depletion and Amortization: Learning Objectives: What is the difference among depreciation, depletion, [ and amortization. Depreciation: The term depreciation is used with reference to tangible fixed assets because the permanent continuing and gradual fall in book value is possible only in the case of fixed asset. Depletion: The term depletion is used for the depreciation of
wasting assets such as mines, oil wells, timber trees etc. Amortization The term amortization is used in respect of intangible assets like patents, copyrights, leasehold and goodwill which are recorded at cost. Some intangible assets have limited useful life and are, therefore, written off. The process of their writing off is called amortization. ]
Expert answered|OneRepublic|Points 305|
Question
Asked 2/8/2012 5:53:28 PM
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.
Questions asked by the same visitor
What happens to your customers if you do not offer credit? Is there an advantage to doing it? If so, what?
Weegy: If they are not really helped by the service that we gave them, we should give our customers credit if they are asking for it . Not giving credit when customer is asking for it might send a negative feedback to the company. [ The advantage of giving credit is to make the company truthful and efficient with the service that they offer to the public. ] (More)
Question
Expert Answered
Asked 2/2/2012 6:13:31 AM
0 Answers/Comments
How do we estimate how much we have to record to account for the fact that some client will not end up paying? What would happen to our business if we stopped offering credit and everything became cash and carry
Weegy: just estimate on how much you can give to your client or how much do you think the client can pay. according to his/her capacity to pay. if you stop offering credit your business get slow,because all people want credit. (More)
Question
Expert Answered
Asked 2/2/2012 6:49:41 AM
0 Answers/Comments
the standard, but what is the rule for right offs? How does this affect the direct write off method
Weegy: The term write-off describes a reduction in recognized value. In accounting terminology, it refers to recognition of the reduced or zero value of an asset. [ In income tax statements, it refers to a reduction of taxable income as recognition of certain expenses required to produce the income. Write-off is also used in vehicle insurance to describe a vehicle which is cheaper to replace than to repair, sometimes colloquially referred to as being "totaled" (a total loss). ] (More)
Question
Expert Answered
Asked 2/3/2012 4:31:36 AM
0 Answers/Comments
Which depreciation method provides you the highest depreciation expense in the first year? Why?
Weegy: Accelerated method or double declining method of depreciation provides relatively large amounts of depreciation in the early years of use and correspondinly reduced amount in the later years. *Why? Due to increasingly pace of invention of new [ products is making obsolescence factor of much greater than physical deterioration. [smile] ] (More)
Question
Expert Answered
Asked 2/8/2012 6:06:23 PM
0 Answers/Comments
17,874,190 questions answered
Popular Conversations
Choose the product. -7p3(4p2 + 3p - 1)
Weegy: -7p3(4p2 3p - 1) = 7p3 - 84p6. Source: User: Find the quotient. 42j4k2 ÷ (-3j3k) Weegy: = 42j k /- 3j k) = ...
10/19/2014 5:43:50 PM| 3 Answers
Describe the key differences between managing and leading.
Weegy: ]
10/19/2014 5:51:01 PM| 3 Answers
Find the sum and choose the correct answer. 2n3 + 4n2 - 7 and -n3 + ...
Weegy: (2 n^3+4 n^2-7)+(-n^3+8 n-9) your answer is n^3+4 n^2+8 n-16 User: Select the correct difference. -3z7 - ...
10/19/2014 5:41:21 PM| 2 Answers
During what war did Anne Frank live?
10/19/2014 12:11:03 AM| 1 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2061 [Total 14436]| Ratings 0| Comments 2061| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1375 [Total 10856]| Ratings 3| Comments 1345| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 704 [Total 12933]| Ratings 0| Comments 704| Invitations 0|Offline
S
L
Points 423 [Total 1822]| Ratings 0| Comments 423| Invitations 0|Offline
S
1
L
L
Points 418 [Total 6212]| Ratings 3| Comments 388| Invitations 0|Offline
S
Points 328 [Total 328]| Ratings 0| Comments 298| Invitations 3|Offline
S
Points 240 [Total 241]| Ratings 2| Comments 220| Invitations 0|Offline
S
Points 125 [Total 125]| Ratings 1| Comments 115| Invitations 0|Offline
S
P
C
L
P
L
1
Points 43 [Total 6277]| Ratings 0| Comments 43| 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.