Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
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 sources are reliably used to estimate an asset's useful life?
Weegy: The significant component/s can be separately identifiable and measurable. A component/s useful life is estimated utilising industry standards and benchmarks. [ That information regarding assets and components is consistent over time. ‘Significant components’ are defined as those that have a different estimated useful lives and failure to depreciate them separately would result in a material difference in depreciation expense charged each year’ provides a criteria to utilise in the recognition of significant components. ] (More)
Question
Expert Answered
Asked 11/19/2011 10:57:55 PM
0 Answers/Comments
What sources are reliably used to estimate an asset's useful life?
Weegy: Accounting. (More)
Question
Expert Answered
Asked 11/19/2011 10:47:34 PM
0 Answers/Comments
How is the appropriate depreciation method determined?
Weegy: Four popular methods are: (1) straight-line, (2) units-of-output, (3) double-declining-balance, [ and (4) sum-of-the-years'-digits.A variety of approaches can be used to calculate depreciation.most companies elect to stay with one of the fairly basic techniques -- as they all produce the same "final outcome" over the life of an asset, and that outcome is allocating the depreciable cost of the asset to the asset's service life. Therefore, although you will now only be exposed to four methods, those methods are the ones you are most apt to encounter. ] User: Has the concept of asset impairment changed accounting for long-lived assets under the historical cost model? If so, how? Weegy: Depreciation is the process of reducing the historical cost of an asset by an annual amount relating to the amount of asset usage. [ Most assets are recorded at historical costs by accounting departments; based on the type of asset, certain methods must be used to reduce the value of the asset each year. Depreciation affects the company financial statements, moving the depreciation amount from the asset value on the balance sheet to the depreciation expense on the income statement. GAAP Methods Several methods of depreciation are used to record the depreciation expense on the accounting books. The most popular methods include: Straight-Line: This is the simplest depreciation method; it is calculated by subtracting the asset salvage value from the asset's historical cost, then dividing the remaining amount by the useful years of the asset. This creates a constant amount for companies to depreciate each year. Declining Balance: The declining balance method is used for assets with shorter life spans for a company. This allows companies to deduct higher depreciation amounts early in the asset life and lower amounts as the asset is phased out of the company. Companies will usually determine what percentage of the asset will be used each year and multiply it by the ... (More)
Question
Expert Answered
Asked 11/19/2011 11:56:18 PM
0 Answers/Comments
How is the appropriate depreciation method determined?
Weegy: Four popular methods are: (1) straight-line, (2) units-of-output, (3) double-declining-balance, [ and (4) sum-of-the-years'-digits.A variety of approaches can be used to calculate depreciation.most companies elect to stay with one of the fairly basic techniques -- as they all produce the same "final outcome" over the life of an asset, and that outcome is allocating the depreciable cost of the asset to the asset's service life. Therefore, although you will now only be exposed to four methods, those methods are the ones you are most apt to encounter. ] (More)
Question
Expert Answered
Asked 11/19/2011 11:25:32 PM
0 Answers/Comments
21,127,712 questions answered
Popular Conversations
What is the numerator of the remainder in the division of: (x^3 ...
Weegy: 3x - 4 = 2x - 10 3x - 2x = -10 + 4 x = -6 User: Kyler is looking at the polynomial function f (x) = x^3 - ...
5/28/2015 8:17:45 AM| 3 Answers
immigration
Weegy: Net immigration is the amount by which the number of immigrants (= people arriving to live in a country) is ...
5/28/2015 7:49:14 AM| 2 Answers
The measure of disorder in a system is its ...
Weegy: The measure of disorder in a system is its enthalpy. User: Pressure has an effect on boiling point because ...
5/28/2015 8:52:32 AM| 2 Answers
When looking up at the clouds, you can usually make out different ...
Weegy: Stratus clouds indicate possible precipitation. User: A front forms when _____. warm air begins to rise and ...
5/28/2015 10:25:17 AM| 2 Answers
Impressionist music used a technique that was the opposite of harmony ...
Weegy: Impressionist music used a technique that was the opposite of harmony and that used disagreeable sounds. This ...
5/28/2015 10:42:20 AM| 2 Answers
Slang and colloquialism are synonymous. True False
Weegy: Slang and colloquialism are synonymous. FALSE. User: The manner in which a writer uses vocabulary and ...
5/28/2015 11:28:10 AM| 2 Answers
Find the slope of the line whose equation is 8y = 4 - 3x. User: Find ...
Weegy: The slope of the line that passes through the points (-2, 4) and (-5, -6) is 10/3. m = y2-y1/x2-x1; m = (-6 ...
5/28/2015 12:30:52 PM| 2 Answers
Factor completely. -5x2y + 10xy - 15xy2
Weegy: -5x2y + 10xy - 15xy2 = 5xy (-x + 2 - 3y) User: 81a2 + 36a + 4 Weegy: 81a^2 + 36a + 4 = (9a + 2)^2 User: ...
5/28/2015 1:55:48 PM| 2 Answers
Weegy Stuff
S
Points 820 [Total 828]| Ratings 2| Comments 800| Invitations 0|Offline
S
L
Points 727 [Total 1257]| Ratings 2| Comments 707| Invitations 0|Offline
S
1
L
Points 623 [Total 1015]| Ratings 3| Comments 593| Invitations 0|Offline
S
L
P
Points 450 [Total 2927]| Ratings 1| Comments 440| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 197 [Total 217]| Ratings 0| Comments 197| Invitations 0|Offline
S
1
L
L
Points 84 [Total 8267]| Ratings 0| Comments 84| Invitations 0|Offline
S
L
1
R
Points 80 [Total 1367]| Ratings 0| Comments 80| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
Points 13 [Total 13]| Ratings 0| Comments 13| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.